Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month April May $ Previous Month's Balance (in $) $643.17 x $ Finance Charge (in $) $11.26 Purchases and Cash Advances $33.45 $283.33 Payments and Credits $95.00 $115.00 New Balance End of Month (in $) $ $592.88

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 21%. Complete the account
activity table for Kathy. (Round your answers to the nearest cent.)
Month
April
May
LA
Previous
Month's
Balance
(in $)
$643.17
X
+A
Finance
Charge
(in $)
$11.26
Purchases
and Cash
Advances
$33.45
$283.33
Payments
and Credits
$95.00
$115.00
tA
New Balance
End of Month
(in $)
$592.88
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 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month April May LA Previous Month's Balance (in $) $643.17 X +A Finance Charge (in $) $11.26 Purchases and Cash Advances $33.45 $283.33 Payments and Credits $95.00 $115.00 tA New Balance End of Month (in $) $592.88
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