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You have a balance of $1500 on a credit card with an APR of 18%. You charge an additional $75 on your credit card that

You have a balance of $1500 on a credit card with an APR of 18%. You charge an additional $75 on your credit card that month. If you make a payment of $500, what is the new balance on your credit card? Show work or problem set-up to get full credit. Round final answer to the nearest cent, if needed.

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