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A card holder has an unpaid balance of $2500 on his credit card from a previous statement of April 20th. On May 2nd he charges
A card holder has an unpaid balance of $2500 on his credit card from a previous statement of April 20th. On May 2nd he charges $3400 in purchases on the card. Finance charges on unpaid balances are 19.25% per year. His next statement has a due date of May 17th.If he pays off all the outstanding balance on May 16th, what would the finance charges be for this period
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Precalculus
Authors: Leonard J Brooks, Karla Neal, R David Gustafson, Jeff Hughes
1st Edition
1133712673, 9781133712671
