Multiple Choice
Use of Financial Calculator TI BA II Plus required. If a company uses the adjusted balance method of calculating interest at 1.75 percent monthly, what would be the new balance on your credit card if it had a balance of $650 and you paid $190 off before the adjusted billing period?
A) $471.38
B) $468.05
C) $466.50
D) $460.00
Correct Answer:
Verified
Correct Answer:
Verified
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