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Previous Balance Method On April 15, the billing date, Gabrielle had a balance due of $57.88 on her credit card. She is redecorating her apartment and has the following transactions.
April 16 Charge: Paint $64.75
April 20 Payment 45.00
May 3 Charge: Curtains 72.85
May 10 Charge: Chair 135.50
a) Determine the finance charge on May 15, using the pre-vious balance method. Assume that the interest rate is 1.35% per month.
b) Determine the new balance on May 15



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