Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month June July $ Previous Month's Balance (in $) $824.08 $ Finance Charge (in $) $18.54 Purchases and Cash Advances $157.38 $71.59 Payments and Credits $300.00 $130.00 New Balance End of Month (in $) $ $700.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual
percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.)
Month
June
July
$
Previous
Month's
Balance
(in $)
$824.08
$
Finance
Charge
(in $)
$18.54
Purchases
and Cash
Advances
$157.38
$71.59
Payments
and Credits
$300.00
$130.00
New Balance
End of Month
(in $)
$
$700.00
Transcribed Image Text:Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month June July $ Previous Month's Balance (in $) $824.08 $ Finance Charge (in $) $18.54 Purchases and Cash Advances $157.38 $71.59 Payments and Credits $300.00 $130.00 New Balance End of Month (in $) $ $700.00
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