Question
A charge account had a balance of $985 on May 5. A purchase of $252 was made on May 17, and a payment of $150
A charge account had a balance of $985 on May 5. A purchase of $252 was made on May 17, and a payment of $150 was made on May 20. The interest on the average daily balance is 1.5% per month. Find the finance charge on the June 5 bill. (Round your answer to the nearest cent.)
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
12th Edition
0324381980, 978-0324381986
