Question
Kimberly has a revolving credit account at an annual percentage rate of 15%. Her previous monthly balance is $724.19. Find the new balance if Kimberly's
Kimberly has a revolving credit account at an annual percentage rate of 15%. Her previous monthly balance is $724.19. Find the new balance if Kimberly's account showed the following activity. (Use the unpaid balance method.)
| May 7 | Cleaning Supplies | $ 88.76 |
|---|---|---|
| May 10 | Payment | 115.00 |
| May 14 | Jim's Appliance (credit) | 270.72 |
| May 19 | Jen's Catering | 354.12 |
| May 28 | Jackie's Garage | 783.92 |
A. $783.92
B. $1,574.32
C. $2,000.00
D. $2,345.76
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Contemporary Auditing E4 Im
Authors: KNAPP
4th Edition
0324048602, 978-0324048605
