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Noahconnatser44:
6. Isha has a previous balance of $493 on a credit card with a 16.3% APR compounded monthly. If she made a payment of $50 this month, what is the new balance on her credit card?
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justus:
(493 - 50) * ( 1+ .163/12)^(12 * 1/12) = 449.017
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