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For questions # 7 - 1 0 , the periodic rate is 2 % . Pete has a charge account at Art's Supplies. The finance
For questions # the periodic rate is
Pete has a charge account at Art's Supplies. The finance charge is computed using the averagedailybalance method where new purchases are not included. Pete's previous balance is $ and the billing period is from April April On April Pete made a $ payment. On April he made a purchase of $ What is his average daily balance? What is his finance charge? What is his new balance?
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