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April 20, 2014

Homework Help: math

Posted by bean on Sunday, January 15, 2012 at 9:29pm.

Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on February 1. I got 1679.33 but that is not one of the possible answers

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