Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kimberly has a revolving credit account at an annual percentage rate of 15%. Her previous monthly balance is $784.19. 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 $784.19. Find the new balance if Kimberly's account showed the following activity. (Use the unpaid balance method)
STATEMENT OF ACCOUNT Billing cycle: May 1-31
May 7 Cleaning Supplies $ 88.76
May 10 Payment 115.00
May 14 Jim's Appliance (credit) 210.72
May 19 Jen's Catering 354.12
May l 28 Jackie' Garage 723.92
answer is $1,635.07
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Wall Street Journal Complete Personal Finance Guidebook
Authors: Jeff D. Opdyke
1st Edition
030733600X, 978-0274804573
