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## AGummiBear55 Group Title Max has a credit card with an APR of 26.2% compounded monthly. His previous balance was $1,780. If he makes a payment of$123 this month, what is the new balance on his credit card? one year ago one year ago

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1. dumbcow

$= 1780(1 + \frac{.262}{12}) -123$

2. AGummiBear55

so... the answer is 1695.86, right? :D THANK YOU!!!

3. dumbcow

yep....yw