Calculate the Missing Information on the Following Revolving Charge Account

question 5

Short Answer

Calculate the missing information on the following revolving charge account. Interest is calculated on the unpaid or previous month's balance, rounding to the nearest cent. $$\begin{array} { l l l l l l l } & \text { Annual } & \text { Monthly } & & \text { Purchases } & \text { Payment } & \\\text { Previous } & \text { Percentage } & \text { Periodic } & \text { Finance } & \text { and Cash } & \text { and } & \text { New } \\\text { Balance } & \text { Rate } ( \text { APR } ) & \text { Rate } & \text { Charge } & \text { Advances } & \text { Credits } & \text { Balance } \\\$ 26.28 & 18 \% & & & \$ 45.75 & \$ 15.00 &\end{array}$$

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An award involving special recognition or praise for particular achievements or qualities.

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