In Problem assume that the annual interest rate on a credit card is 19.99% and interest is
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In Problem assume that the annual interest rate on a credit card is 19.99% and interest is calculated by the average daily balance method.
The unpaid balance at the start of a 30-day billing cycle was $1,583.44. No purchases were made during the billing cycle and a payment of $1,583.44 was credited to the account on day 21. Find the unpaid balance at the end of the billing cycle.
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Answer The unpaid balance at the end of the billing cycle is 8828 Explanation To find the unpaid bal...View the full answer
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Related Book For 
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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