This video shows how to solve the following problem:
"Aaron had an unpaid balance of $1634.83 on his credit card statement at the beginning of November. He made a payment of $145.00 during the month, and made purchases of $291.94. If the interest rate on Aaron's credit card was 19% per month on the unpaid balance, find his finance charge and the new balance on December 1."
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Please note that this video is not for taking quizzes, tests, or exams. That would be cheating. We prepare for tests by studying and practicing. Use this video for help with homework, practice problems, or sample problems.