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Candices 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
Candices 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 assume her interest charges for the month or $4.50 Candace is minimum monthly payment corresponds to at least 5% of her ending balance or $10 whichever is greater. 1. Calculate Candice's new balance 2. Calculate Candices minimum monthly payment
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