Homework Help: math

Posted by john on Monday, June 14, 2010 at 2:53pm.

Calculate the finance charge and new balance using the previous balance method.

Previous balance = $179.32

Annual rate = 16%

Finance charge =

New purchases = $117.42

Payments/credits = $85.00

New balance =

math - PsyDAG, Wednesday, June 16, 2010 at 2:47am
Finance charge = .16($179.32) = ?

Add previous balance, fiance charge and new purchases and subtract credits.

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