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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 $
The statement indicates that during the month Candace made a payment
of $ and made additional purchases of $ Assume her interest
charges for the month are $ Candace's minimum monthly payment
corresponds to at least percent of her ending balance or $ whichever
is greater.
a Calculate Candace's new balance. marks
b Calculate Candace's minimum monthly payment. 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. mark
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