On the April 2 billing date, Michaelle Chappell had a balance due of $1423.58 on...
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On the April 2 billing date, Michaelle Chappell had a balance due of $1423.58 on her credit card. From April 2 through May 1, Michaelle charged an additional $482.18and made a payment of $600.a) Find the finance charge on May 2, using the previous balance method. Assume that the interest rate is 1.4% per month.b) Find the new balance on May 2.a) The finance charge on May 2 is $(Round to the nearest cent as needed.)
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