Question
A credit card account had a $227 balance on March 5. A purchase of $114 was made on March 12, and a payment of $200
A credit card account had a $227 balance on March 5. A purchase of $114 was made on March 12, and a payment of $200 was made on March 28. Find the average daily balance if the billing date is April 5. (Round your answer to the nearest cent.)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
