Business, 01.01.2022 01:00 Hockeypro1127

Christopher has a credit card with an APR of 13. 13%. The card uses the adjusted balance method to calculate finance charges. The following table details Christopherâ€™s transactions with his credit card in the month of December. Date Amount ($) Transaction 12/1 424. 86 Beginning balance 12/3 55. 25 Payment 12/5 78. 10 Purchase 12/14 20. 00 Payment 12/16 27. 97 Purchase 12/22 8. 16 Purchase 12/29 46. 07 Purchase If Christopher is on a 30-day billing cycle, what will his new beginning balance be after December? a. $509. 91 b. $349. 61 c. $353. 44 d. $513. 74 Please select the best answer from the choices provided A B C D.

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Christopher has a credit card with an APR of 13. 13%. The card uses the adjusted balance method to c...