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Transaction Use the unpaid balance method to find the finance charge on the credit card account for April. The starting balance from the previous month
Transaction Use the unpaid balance method to find the finance charge on the credit card account for April. The starting balance from the previous month is $270. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 16% on the account and that the billing date is April 1st. Date April 4 April 10 April 22 April 24 Charged $140 for a coat Made payment of $139 Charged $25 for DVDs Charged $26 for groceries The finance charge for the month of April is $ (Round to the nearest cent as needed.)
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