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Using the unpaid balance method, find the new balance of John Smith's Mastercard account at the end of the month, if the previous balance was $1,280.00, he made a payment of $200.00, there were new purchases of $52.00 and $48.00. The periodic rate is 1.6%.

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Using the unpaid balance method, find the new balance of John Smith's Mastercard account at the end of the month, if the previous balance was $1,280.00, he made a payment of $200.00, there were new purchases of $52.00 and $48.00. The periodic rate is 1.6%.






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