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Assume that you start with a balance of $650 on your credit card. During the...

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Finance

Assume that you start with a balance of $650 on your credit card. During the first month, you charge $180 and make a payment of $420. During the second month, you charge $120 and make a payment of $300. Assume that your credit card charges a 16% APR. Complete the following table. (Round your answers to the nearest cent.)

Previous Balance Finance Charge (+) Purchases (+) Payments (-) New Balance
Month 1
Month 2

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