Mathematics, 26.02.2020 19:56 Josephzaz

Kendall's credit card has an APR of 29%, calculated on the previous monthly
balance. His credit card record for the last 7 months is shown in the table
below.
Finance
End of
month
Principal
charges
paid
Previous
balance
$0.00
$188.00
Payment
received
$0.00
$29754
50 00
New
charges
$188.00
$10500
$73.00
$278.00
$21.00
$193.00
5344.00
54566
$276 66
$161 36
$325 27
888:883
New
balance
$188.00
50.00
$45 66
$276.66
$161.36
$325 27
$0.00
$293.00
$2734
54701
5136 29
$15 08
529 09
What is the new balance at the end of month 7?

Answers: 1

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