Question: You have a credit card that charges an interest rate of 1.8% compounded monthly. The table below shows your activity for the month of December.

You have a credit card that charges an interest rate of 1.8% compounded monthly. The table below shows your activity for the month of December.

DateActivityAmount
December 1Beginning Balance1327.24
December 9Purchase28.84
December 10Payment−150
December 16Purchase97.76
December 22Purchase14.56
December 23Purchase54.47
December 31Closing Date


What is the statement balance due for December?

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