Question
A charge account had a balance of $979 on May 5. A purchase of $221 was made on May 17, and a payment of $175
A charge account had a balance of $979 on May 5. A purchase of $221 was made on May 17, and a payment of $175 was made on May 20. The interest on the average daily balance is 1.9% per month. Find the finance charge on the June 5 bill. (Round your answer to the nearest cent.)
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
