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Please help, Thanks! The table below shows a summary of Kaitlin's credit card statement for the month of February. Transaction types Unpaid balance from January
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The table below shows a summary of Kaitlin's credit card statement for the month of February. Transaction types Unpaid balance from January (Beginning balance on February 1) Purchases made during the month of February Payments made during the month of February Amount $2802.38 $543.55 $389.60 Complete the parts below. Write your answer to the nearest cent. (a) Suppose the credit card company charges 1.9% monthly interest on the unpaid balance from January. How much interest will this be? (b) What will Kaitlin's unpaid balance be on her March 1 statement? (Assume that this balance will include the interest from part (a), but will not include any interest on her February balance yet.)Step by Step Solution
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