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Arnold Brown has a Visa Card with an annual percentage rate of 18.0%. The unpaid balance for his June billing cycle is $1,336.67. During the
Arnold Brown has a Visa Card with an annual percentage rate of 18.0%. The unpaid balance for his June billing cycle is $1,336.67. During the billing cycle he purchased a printer cartridge for $43.35, books for $223.91 and gasoline for $16.34. He made a payment of $1,200. If the account applies the unpaid balance method, what are the finance charge and the new balance? The finance charge is $ The new balance is $ 7. (Round to the nearest cent as needed.)
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