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The balance on Jim Bob's credit card on December 1 is $205.84. In December, he charges an additional $98.42 of purchases, has returns of $18.63,

The balance on Jim Bob's credit card on December 1 is $205.84. In December, he charges an additional $98.42 of purchases, has returns of $18.63, and makes a payment of $25. If the finance charges are calculated at 1.5% per month on the unpaid balance, find the balance on January 1.

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