Lauren did not pay her January FlashCard bill in full, so her February bill has a finance
Question:
Lauren did not pay her January FlashCard bill in full, so her February bill has a finance charge added on. The average daily balance is $510.44, and the monthly periodic rate is 1.3%. What should Lauren’s finance charge be on her February statement?
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Step by Step Answer:
The finance charge average daily balance x monthly periodic rate The ...View the full answer
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Mutua Elijah
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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