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September 2, 2014

Homework Help: math

Posted by John on Sunday, February 13, 2011 at 11:29pm.

Need help with math problem. Tom has an unpaid balance of $2,115.75 on his credit card statement at the beginning of June. He made a payment of $85.00 during the month. If the interest rate on Phil's credit card was 11% per month on the unpaid balance, find the finance charge and the new balance on July 1.

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