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2 questions for business math class for accounting need help on...attached Need by tomorrow Thank you 1) In John Balfour's credit card account interest is
2 questions for business math class for accounting need help on...attached
Need by tomorrow
Thank you
1) In John Balfour's credit card account interest is charged on the average daily balance. The cycle begins on May 4, and the cycle ends on June 3. The beginning balance is $299.99. A payment of $200 is posted on May 18. A charge of $19.15 is posted on May 7. A charge of $51.56 is posted on May 12. A charge of $104.83 is posted on May 29. John is charged 1.78% per period. What is the finance charge of the cycle? The finance charge for the cycle is $_______. (Round to the nearest cent as needed) 2) A computer with software costs $2,917, and the Catherine Stevens has agreed to pay a 15% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month? She will pay $______________ each monthStep by Step Solution
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