4. On a 0% revolving credit account with a $1,000 line of credit, you charged $300 for...

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4. On a 0% revolving credit account with a $1,000 line of credit, you charged $300 for a new iPhone, $40 for a night out, and $80 for concert tickets. You also made a

$200 payment. You started with no charges against your account. What is your available credit? (LO 5-1)

a. $220

c. $870

b. $780

d. $1,000

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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