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Holly had a $20,000 line of credit at her local bank. The annual percentage rate charged on the account is the current prime rate plus

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Holly had a $20,000 line of credit at her local bank. The annual percentage rate charged on the account is the current prime rate plus 4%. The starting balance was $2,350. On November 9, Holly borrowed $1,500. On November 20, she made a $3,000 payment on the account. On November 26, she borrowed another $2,500. The billing cycle for November is 30 days. If the current prime rate is 8%, what is Holly's new balance? $7,376.77 $7.733.76 $3,000.00 $3.377,67

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