Use a periodic rate of 1 5 and the unpaid balance method to compute the unpaid balance finance charge and new balance Round to

Question

Use a periodic rate of 1 5 and the unpaid balance method to compute the unpaid balance finance charge and new balance Round to the nearest cent Previous Balance 350 00 125 50 437 50 Payments Credits 75 00 Unpaid Balance 57 50 275 45 50 80 380 Finance Charge 4 13 1 20 5 70 New Purchases 90 00 42 50 222 50 New Balance 369 13 1 0 0 X

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