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16 June, 11:51

David's statement shows a previous balance of $5834.53, a payment of $150, and new transactions totaling $325. His APR is 20.4%. What is his new balance?

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  1. 16 June, 13:45
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    Finance charge

    (5,834.53-150) * (0.204:12) = 96.64

    New balance

    5,834.53-150+96.64+325

    =6,106.17
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