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 $725.38. A purchase of $49.82 was made on day 15. No payment was made during the billing cycle and a late fee of $37 was charged to the account on day 25. 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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