It is important to check your credit card bill each month. In the next section, you will
Question:
It is important to check your credit card bill each month. In the next section, you will carefully examine a credit card statement and learn how to look for errors. Most people would notice a major, expensive purchase that they did not make. A smaller, incorrect charge of $6, for example, might go unnoticed unless the entire statement was checked with a calculator. If 1 million credit card holders were each overcharged $6 each month for 5 years, what would be the total amount that debtors were overcharged, not including the extra finance charges?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted: