You had a $1,800
balance last month after your payment on your credit card. You
charged one...
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Finance
You had a $1,800balance last month after your payment on your credit card. Youcharged one pair of shoes on the 10th for $180. Yourcard has a minimum finance charge fee of $5 per month and an APR of12%. What is your total balance due this period if the card’s feesare calculated via the adjusted balance method?
Total balancedue
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Solution The balance due 1998 Working Notes Adjusted balance method The total balance due Balance of beginning any payments monthly interest or finance charge any purchases made
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