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Candace Kane's monthly statement has a previous balance of $ 4 2 5 . 2 6 . The statement indicates that during the month Candace

Candace Kane's monthly statement has a previous balance of $425.26.
The statement indicates that during the month Candace made a payment
of $275 and made additional purchases of $357.00. Assume her interest
charges for the month are $4.50. Candace's minimum monthly payment
corresponds to at least 5 percent of her ending balance or $10, whichever
is greater.
a. Calculate Candace's new balance. (2 marks)
b. Calculate Candace's minimum monthly payment. (1 mark)
Xavier is planning to buy a new dishwasher but he doesn't have the
cash on hand to pay for it. He is trying to decide between using a
credit card, a personal line of credit, or a personal loan from his bank.
What is the best question that he should ask the bank's financial advisor
to make his decision. (1 mark)
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