Math

I need help calculating 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 = $ ?

I also need help calculating the unpaid balance, finance charge, and the new balance using the unpaid balance method.
Note: interest rate given as a monthly rate.
Previous balance = $179.32
Payments/credits = $85.00
Unpaid balance = $ ?
Monthly rate = 1.25%
Finance charge = $ ?
New purchases = $117.42
New balance = $ ?

Thank You. Once these frusterating questions are finished this completes my assinment.

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asked by Ralph
  1. I need help calculating 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 = $ ?

    1. 👍 0
    2. 👎 0
    posted by nixk
  2. nah

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    2. 👎 1
  3. I also need help calculating the unpaid balance, finance charge, and the new balance using the unpaid balance method.
    Note: interest rate given as a monthly rate.
    Previous balance = $179.32
    Payments/credits = $85.00
    Unpaid balance = $ ?
    Monthly rate = 1.25%
    Finance charge = $ ?
    New purchases = $117.42
    New balance = $ ?

    1. 👍 0
    2. 👎 0
  4. ppooooop

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    2. 👎 1
  5. WUBBA LUBBA DUB DUB

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    2. 👎 1
    posted by MORTY
  6. Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method.
    Note: interest rate is given as a monthly rate.
    Previous balance = $179.32
    Payments/credits = $85.00
    Unpaid balance = $
    Monthly rate = 1.25%
    Finance charge = $
    New purchases = $117.42
    New balance = $

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    2. 👎 0
    posted by irvin

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