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Tom's statement shows a previous balance of $2452.64 a payment of $160 a new transactions totaling $138 what is his new balance if his APR is 15.6%

Respuesta :

BeautyQueen97

His new balance will be $805.8915

4332.75 * 18.6%

Aliwohaish12
Hello there:)

Unpaid balance
=2,452.62−160=2,292.62
Finance charge
2,292.62×(0.156÷12)=29.8
New balance
2,452.62−160+29.8+138
=2,460.42

Hope it helps

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