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Calculate the missing information on the revolving credit account. Interest is calculated on the unpaid or previous month's balance. Previous Balance =$45 Annual Percentage Rate
Calculate the missing information on the revolving credit account. Interest is calculated on the unpaid or previous month's balance.
Previous Balance =$45
Annual Percentage Rate (APR)=12%
Monthly Periodic Rate (as a %) =??
Finance Charge (in $)??
Purchases and Cash Advances=$178.40
Payments and Credits=$85
New Balance (in $) =?
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