Mathematics, 12.12.2020 15:50 robertsabbiegale
The previous balance on Josiah Evanston's credit card is $675.29. His card has an APR of 12%, with finance charges
applied with a monthly periodic rate to the previous balance. He made $175 in new purchases this month. His
minimum payment is 3% of his current balance, rounded to the nearest whole dollar.
1. What are his periodic finance charges?
2. What is his current balance, including the finance charge and the new purchases?
3.
What is his minimum payment?
4.
What will his final balance be after he makes a minimum payment?
Answers: 3
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The previous balance on Josiah Evanston's credit card is $675.29. His card has an APR of 12%, with f...
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