Answer: 2518.47
Explanation:
New balance = unpaid balance+ new transactions+finance charge
Step 1.
Calculate the periodic rate= APR/12
14.4% to a decimal is .144
Periodic Rate: .144/12 = 0.012
Step 2.
Calculate the finance charge= Unpaid balance x periodic rate
Finance Charge: 2103.23 x 0.012= 25.23876
Step 3.
Calculate the new balance= unpaid balance+ new transactions+finance charge
New Balance: 2103.23+ 390 + 25.23876= 2518.46876