On January 1 the previous balance for Lynn's charge account was $569.80. On the following days, purchases
Question:
On January 16 a $50 payment was posted. Using the average daily balance method, find the finance charge and unpaid balance on February 1 if the bank charges interest of 1.5% per month.
Transcribed Image Text:
January 13 $38.50 Jewelry January 21 S44.56 Clothing
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January 1January 12 1256980 683760 56980 3850 60830 January 13January 1...View the full answer
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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