Jackson has a previous balance of $767 on a credit card with a 16.5% APR compounded monthly. If he made a payment of $49 this month, what is the new balance on his credit card? (1 point) $718.00$728.55$844.56$893.56

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By payment, you mean that he paid off $49 of the $767 debt, right?

...16.5 IS monthly. And you forgot about that payment of $9.

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