Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business Math Credit card APR 3. I need to find Amount owed?? Thank you. If you are trying to build credit by using a credit

Business Math Credit card APR 3.
I need to find Amount owed??
Thank you.
image text in transcribed
If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and the following transactions? (Round your answer to the nearest cent.) 31-day bining cycle $1,169 $ 24 CE 10/12 Charger King Soopers 10/15 Payment 10/25 Charge: Delta 10/30 Charge: Holiday Fun 10/1 Previous balance 10/3 Credit 153 360 CE 326 66

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Modeling

Authors: Simon Benninga, Tal Mofkadi

5th Edition

0262046423, 9780253337825

More Books

Students also viewed these Finance questions