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Part 1
On July8 ​, the billing​ date, Marvin Zug had a balance due of ​$294. 95 on hi credit card. Hi card charge an interet rate of​ 1. 25% per month. The tranaction he made are to the right. ​a) Find the finance charge on Augut 8 ​, uing the previou balance method. ​b) Find the new balance on Augut 8