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You have a credit card that charges an interest rate of 1.3% compounded monthly. The table below shows your activity for the month of July.
You have a credit card that charges an interest rate of 1.3% compounded monthly. The table below shows your activity for the month of July.
| Date | Activity | Amount |
|---|---|---|
| July 1 | Beginning Balance | 988.05 |
| July 7 | Purchase | 25.9 |
| July 9 | Payment | 275 |
| July 13 | Purchase | 99.7 |
| July 18 | Purchase | 15.44 |
| July 29 | Purchase | 53.6 |
| July 31 | Closing Date |
What is the statement balance due for July? $
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Financial Intelligence For IT Professionals
Authors: Julie Bonner
1st Edition
103215294X, 9781032152943
