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November 26, 2014

Homework Help: business math

Posted by Jasona on Monday, April 30, 2012 at 8:08pm.

John has a credit card with a 18% rate and uses the average daily balance method. His average daily balance was $285.26, he made $6483.76 in purchases and paid $538.08. His previous balance was $367.69. What is his new balance?

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