Question

Using the unpaid balance​ method, find the current​ month's finance charge on a credit card account having the following transactions.

Last​ month's balance: ​$845
   Last​ payment: ​$180
   Annual Interest​ rate: ​18%
  ​ Purchases:  ​$389
  ​ Returns: ​$380

The finance charge is ​$ __________​

Answer 1

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