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Mathematics 19 Online
OpenStudy (lukecrayonz):

Andy has a previous balance of $1,283 on a credit card with a 21.3% APR compounded monthly. If he made a payment of $62 this month, what is the new balance on his credit card?

OpenStudy (anonymous):

62 + 1238 = 1300 1300 * .213 = 276.9 1283 +276.9 = 1559.9 am i correct?

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