Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy.   Month = March Previous Month's Balance = 520.00 Purchases and Cash Advances = 127.97 Payments and Credits = 75.00   Solve for the Finance Charge (in $) and for the New Balance End of Month (in $)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy.
 
Month = March
Previous Month's Balance = 520.00
Purchases and Cash Advances = 127.97
Payments and Credits = 75.00
 
Solve for the Finance Charge (in $)
and for the New Balance End of Month (in $)
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