Question
A credit card account had a balance of $983 on May 5. A purchase of $201 was made on May 17, and a payment of
A credit card account had a balance of $983 on May 5. A purchase of $201 was made on May 17, and a payment of $100 was made on May 20. The interest on the average daily balance is 1.4% per month. Find the average daily balance on the June 5 bill. (Round your answer to the nearest cent.)
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Calculus An Applied Approach
Authors: Ron Larson
10th Edition
1337268704, 9781337268707
