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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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 = \$ ?

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2. 👎 0
posted by nixk
2. nah

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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 = \$ ?

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2. 👎 0
4. ppooooop

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2. 👎 1
5. WUBBA LUBBA DUB DUB

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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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