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Arnold Brown has a Visa Card with an annual percentage rate of 16.8%. The unpaid balance for his June billing cycle is $1,138.64. During the
Arnold Brown has a Visa Card with an annual percentage rate of 16.8%. The unpaid balance for his June billing cycle is $1,138.64. During the billing cycle he purchased a printer cartridge for $49.78, books for $224.31 and gasoline for $17.01. He made a payment of $1,000. If the account applies the unpaid balancemethod, what are the finance charge and the newbalance?
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