Previous Balance Method On February 3, the billing date,
Chapter 11, Problem 11.1.210(choose chapter or problem)
Previous Balance Method On February 3, the billing date, Carol Ann Bluesky had a balance due of $124.78 on her credit card. Her bank charges an interest rate of 1.25% per month. She made the following transactions during the month. February 8 Charge: Art supplies $25.64 February 12 Payment 100.00 February 14 Charge: Flowers delivered 67.23 February 25 Charge: Music CD 13.90 a) Find the finance charge on March 3, using the previous balance method. b) Find the new balance on March 3.
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