Ron did not pay his credit card bill in full last month. He wants to pay it
Question:
a. The APR is 18%. What finance charge did the credit card company compute on Ron's bill?
b. If Ron's average daily balance is correct, what should the finance charge be?
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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