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On February 3, the billing date, Carol Ann had a balance due of $127.52 on her credit card. Her bank charges an interest Feb. 9
On February 3, the billing date, Carol Ann had a balance due of $127.52 on her credit card. Her bank charges an interest Feb. 9 Charge: Art supplies rate of 1.25% per month. She made the transactions described in the table during the month. $24.43 Feb. 13 Payment $110.00 Fob. 23 Charge: Flowers delivered $68.51 Feb. 28 Charge: Music CD $11.75 a) Determine the finance charge on March 3, using the previous balance method. b) Determine the new balance on March 3. a) The finance charge on March 3 is $ (Round to the nearest cent as needed.) b) The new balance due on March 3 is $ (Round to the nearest cent as needed.)
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