Mathematics, 18.06.2020 19:57 mvtthewisdead
Jeremiah's credit card has an APR of 22% calculated on the previous monthly
balance. His credit card record for the last 7 months is shown in the table
below.
End of Previous
Month
Payment
ChargesReceived
FinancePrincipal New
New
Balance
$0.00
$255.87
$297.39
$319.80
$318.72
$531.98
$460.64
Charges
$O.00
$4.69
$5.45
$5.86
$5.84
$9.75
$8.45
Paid Balance
$255.87
$156.83
$96.96
$133.05
$267.42
$78.91
SO.00
$120.00
$80.00
$140.00
$60.00
$160.00
$O.00 $255.87
$115.31 $297.39
$319.80
$134.14 $318.72
$531.98
$460.64
$211.55$550.57
$74.55
5
$54 16
$150.25
$301.48 $220.00
On what amount of money will Jeremiah be charged interest for month 8?
Answers: 1
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Jeremiah's credit card has an APR of 22% calculated on the previous monthly
balance. His credit car...
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