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Janice Had an Unpaid Balance of $1080

Question 5

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Janice had an unpaid balance of $1080.50 on her credit card statement at the beginning of February. She made a payment of $255.00 during the month, and made purchases of $454.52. If the interest rate on Janice's credit card was 6.5% per month on the unpaid balance, find her finance charge and the new balance on March 1.

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