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May 5, 2015

Homework Help: Finance

Posted by Renee on Tuesday, January 17, 2012 at 3:56pm.

Nick has a revolving department store credit card account 15%. Last month balance on the account was $423.78. During the current month, he made purchases totaling $123.42 and made a payment of $100. The store uses the unpaid balance method. According to this information, what must be the amount of the finance charge? Round to the nearest cent.

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