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  3. you have a credit card that charges an interest ra

You have a credit card that charges an interest rate of 14 55 compounded monthly...

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Basic Math

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You have a credit card that charges an interest rate of 14 55 compounded monthly using the adjusted balance method The table below shows your activity for the month of April Activity Beginning Balance Purchase Date April 1 April 6 April 15 Payment April 16 Purchase April 20 Purchase April 27 Purchase April 30 Ending Balance Amount 40 20 225 00 88 25 10 00 33 50 Balance 500 00 540 20 315 20 403 45 413 45 446 95 446 95 What is the adjusted balance for this account What is the finance charge for the month of April

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