Credit Card Finance Charges. Troy has a credit card that charges

Credit Card Finance Charges. Troy has a credit card that charges 18% on outstanding balances and on cash advances.The closing date on the credit card is the first of each month. Last monthTroy left a bal- ance on his credit card of $200.This monthTroy took out a cash advance of $150 and made $325 in pur- chases.Troy made a payment of $220. What will the total ofTroy’s new balance View complete question » Credit Card Finance Charges. Troy has a credit card that charges 18% on outstanding balances and on cash advances.The closing date on the credit card is the first of each month. Last monthTroy left a bal- ance on his credit card of $200.This monthTroy took out a cash advance of $150 and made $325 in pur- chases.Troy made a payment of $220. What will the total ofTroy’s new balance be on his next credit card statement, taking into account finance charges?


 

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