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You carry-over balance of $1,004.75 on your credit card. This credit card has an APR of 19.99% and requires a minimum payment of 7% each

You carry-over balance of $1,004.75 on your credit card. This credit card has an APR of 19.99% and requires a minimum payment of 7% each month. Calculate the finance charge for this month's balance. Round to the nearest penny.

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