Question: 1. What is the new balance on a loan which had: A previous balance = $1,028.61 APR = 12% Purchases & Cash Advances = $322.20

1. What is the new balance on a loan which had:

  • A previous balance = $1,028.61
  • APR = 12%
  • Purchases & Cash Advances = $322.20
  • Payments & Credits = $300

Group of answer choices

$10.29

$1,000.00

$1,061.10

$1,610.10

2. What is the new balance on a loan which had:

  • A previous balance = $605.42
  • APR = 9%
  • Purchases & Cash Advances = $156.12
  • Payments & Credits = $200

Group of answer choices

$566.08

$600.00

$656.08

$4.54

3. What is the new balance on a loan which had:

  • A previous balance = $35.00
  • APR = 12%
  • Purchases & Cash Advances = $186.40
  • Payments & Credits = $75

Group of answer choices

$146.75

$164.75

$176.75

$100.00

4. What is the fiance charge on a loan which had:

  • A previous balance = $325.75
  • APR = 18%

Group of answer choices

$9.89

$4.00

$8.99

$4.89

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