Frank's credit card statement shows a balance of [tex]$1187.51 on the first day of the billing cycle. If he makes a payment of $[/tex]469.32 and charges [tex]$342.23 during this billing period, what will his finance charge be (the interest rate is 1.6% of the unpaid balance per month)? What will his beginning balance be at the start of the next billing cycle? Round the answers to the nearest cent. Part: 0/2 Part 1 of 2 The finance charge is $[/tex]
Part: 1/2
Part 2 of 2
At the start of the next billing cycle the beginning balance will be $
X
5
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