Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month Previous Month's Balance (in $) Finance Charge (in $) Purchases and Cash Advances Payments and Credits New Balance End of Month (in $) April $647.17 $11.33 $38.45 $85.00 $611.95 May $ $ $284.33 $125.00 $
Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month Previous Month's Balance (in $) Finance Charge (in $) Purchases and Cash Advances Payments and Credits New Balance End of Month (in $) April $647.17 $11.33 $38.45 $85.00 $611.95 May $ $ $284.33 $125.00 $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.)
| Month | Previous Month's Balance (in $) |
Finance Charge (in $) |
Purchases and Cash Advances |
Payments and Credits |
New Balance End of Month (in $) |
|---|---|---|---|---|---|
| April | $647.17 | $11.33 | $38.45 | $85.00 | $611.95 |
| May | $ | $ | $284.33 | $125.00 | $ |
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