Cynthia Roberts has a credit card account at Harry's Hardware, which uses the unpaid-balance methodof computing finance charges. The periodic rate is 1.5 percent. Ms. Roberts's previous balance is$178.85, and she had payments and credits of $74.00. If she has new purchases of $98.74, what is hernew balance?O $305.39O $206.64O $205.16O $156.42

Previous balance = $178.85payments and credits = $74.00new purchases = $98.74periodic rate = 1.5%

Answered: Roberts has a credit card account at…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

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