Mathematics, 19.11.2020 08:20 xojade

Jeremiah's credit card has an APR of 22% calculated on the previous monthly balance. His credit card record for the last 7 months is shown in the table below. End of Month 1 2 3 4 5 6 Previous Balance $0.00 $255.87 $297.39 $319.80 $318.72 $531.98 $460.64 New Charges $255.87 $156.83 $96.96 $133.05 $267.42 $78.91 $301.48 Payment Received $0.00 $120.00 $80.00 $140.00 $60.00 $160.00 $220.00 Finance Charges $0.00 $4.69 $5.45 $5.86 $5.84 $9.75 $8.45 Principal Paid $0.00 $115.31 $74.55 $134.14 $54,16 $150.25 $211.55 New Balance $255.87 $297.39 $319.80 $318.72 $531.98 $460.64 $550.57 On what amount of money will Jeremiah be charged interest for month 8? A. $550.57 B. $220.00 C. $460.64 D. $301.48

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Jeremiah's credit card has an APR of 22% calculated on the previous monthly balance. His credit card...

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