In Problem assume that the annual interest rate on a credit card is 25.74% and interest is
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In Problem assume that the annual interest rate on a credit card is 25.74% and interest is calculated by the average daily balance method.
The unpaid balance at the start of a 28-day billing cycle was $1,472.35. Purchases of $154.15 and $38.76 were made on days 5 and 12, respectively, and a payment of $250 was credited to the account on day 18. Find the unpaid balance at the end of the billing cycle.
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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