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Suppose that you make a $1,250 charge on a credit card with a 20% APR. Assume that you receive your first bill and make a

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Suppose that you make a $1,250 charge on a credit card with a 20% APR. Assume that you receive your first bill and make a payment of $275. What interest will your next bill show it the interest rate is calculated using the indicated method? (Round your answers to the nearest cent.) (a) Previous balance method (b) Adjusted balance method (c) Average daily balance; assume that the month has 30 days and it takes 10 days for the payment to

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