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13 August, 15:08

Previous balance = $179.32 Annual rate = 16% Finance charge = $ New purchases = $117.42 Payments/credits = $85.00 New balance = $

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  1. 13 August, 17:13
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    First we should calculate the amount of the finance charge

    Finance charge=179.32 * (0.16:12months)

    =2.39

    New balance = previous balance-payments/credit+finance change+New purchases

    New balance=179.32-85+2.39+117.42

    =214.13

    Good luck!
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