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Your credit card charges 20% interest and the billing cycle starts on the 1st. The table below shows the beginning balance, charges and payments to

  1. Your credit card charges 20% interest and the billing cycle starts on the 1st. The table below shows the beginning balance, charges and payments to the credit card. Your card uses the unpaid balance method. Fill out the chart and then determine the service charge for the month of July.

Balance from end of June

200

Charge July 4

300

Payment July 16

400

Charge July 20

100

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