Question
A credit card company uses the average daily balance method to calculate its finance charges. Find the finance charge for the month of August(31 days)
A credit card company uses the average daily balance method to calculate its finance charges. Find the finance charge for the month of August(31 days) if the average daily balance for August is $467.55. The annual interest rate is 18%.
July 31 Balance $460
August 14 Charge $71
August 18 Payment $210
August 20 Charge $154
August 28 Charge $12
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Discovering Advanced Algebra An Investigative Approach
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
1st edition
1559539844, 978-1604400069, 1604400064, 978-1559539845
