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A credit card bill for $856.30 was due on July 15. The next due date was August 15. The table below shows purchases and payments
A credit card bill for $856.30 was due on July 15. The next due date was August 15. The table below shows purchases and payments made during that time. Date Purchase or payment Date Purchase or payment 7/19 115.54 8/6 126.94 7/24 29.19 8/7 59.85 7/25 110.61 8/7 107.65 7/26 35.97 8/8 141.35 7/26 53.59 8/8 51.96 7/27 86.56 8/9 142.09 7/29 400.00 8/10 48.14 7/30 29.22 8/11 85.60 8/4 73.11 8/13 144.54 8/5 21.52 8/14 105.58 Calculate the finance charge based on the average daily balance and an annual interest rate of 21.3%.
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