Question
Julio has a revolving credit account at an annual percentage rate of 18%. His previous monthly balance is $362.11. Find the new balance if Julio's
Julio has a revolving credit account at an annual percentage rate of 18%. His previous monthly balance is $362.11. Find the new balance if Julio's account showed the following activity. (Use the unpaid balance method)
STATEMENT OF ACCOUNT Billing cycle: April 1-30
| April 6 | Pet Supplies | $215.76 |
| April 9 | Payment | 137.30 |
| April 14 | Carl's Car Repair (credit) | 158.46 |
| April 18 | Harry's Hardware | 132.12 |
| April 22 | Friendly Flowers | 220.24 |
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Financial Intelligence An Entrepreneurs Guide Volume 1
Authors: Income Mastery
1st Edition
1647772648, 978-1647772642
