Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $387.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.) Statement of Account DATE July 04 July 08 July 16 July 22 July 29 DESCRIPTION OF TRANSACTIONS Billing cycle: July 1-31 Kit and Capoodle Pets Payment Cash advance Mountain Vineyards Vu Video (credit) CHARGES $109.08 61.00 94.82 31.37 95.97

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $387.79. Find your new balance (in $) if your account
showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.)
Statement of Account
LA
DATE
July 04
July 08
July 16
July 22
July 29
DESCRIPTION OF TRANSACTIONS
Kit and Capoodle Pets
Payment
Cash advance
Billing cycle: July 1-31
Mountain Vineyards
Vu Video (credit)
CHARGES
$109.08
61.00
94.82
31.37
95.97
Transcribed Image Text:Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $387.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.) Statement of Account LA DATE July 04 July 08 July 16 July 22 July 29 DESCRIPTION OF TRANSACTIONS Kit and Capoodle Pets Payment Cash advance Billing cycle: July 1-31 Mountain Vineyards Vu Video (credit) CHARGES $109.08 61.00 94.82 31.37 95.97
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