Using the table, what is the average daily balance of the credit card for the December 1
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Question:
Using the table, what is the average daily balance of the credit card for the December 1 - December 31 billing period? Round your answerto the nearest cent.
Day | Activity | Adjustment | Closing Balance |
1 | -- | -- | 9,500 |
6 | Purchase | +500 | 10,000 |
16 | Purchase | +1,250 | 11,250 |
21 | Purchase | +3,000 | 14,250 |
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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