Question
Assume you have a balance of $1000.00 on a card and you make a $200.00 payment on day 10 of the billing cycle. How do
Assume you have a balance of $1000.00 on a card and you make a $200.00 payment on day 10 of the billing cycle. How do I calculate the principal (P) only for each method.
Average daily balance
previous balance
adjusted balance
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
