Candida has a revolving credit account at an annual percentage rate of 24%. Her previous monthly balance is $549.79. Find the new balance using the previous month's balance method if Candida's account showed the following activity: Payment, $143.30; Country Lumber (charge), $230.18; Zahir Antiques (credit), $398.05; Mountain Vineyards (charge), 204.94; Bart's Garage (charge), $214.21.

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The new balance is calculated by adding charges and subtracting credits and payments from the previous balance, then adding the interest. The interest is calculated as (24%/12) * $549.79 = $10.9958. New balance = $549.79 - $143.30 + $230.18 - $398.05 + $204.94 + $214.21 + $10.9958 = $668.77.

Candida Has a Revolving Credit Account at an Annual Percentage