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Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle 9/16 Billing date Previous balance $ 2,700
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.)
| 30-day billing cycle | |||||||
| 9/16 | Billing date | Previous balance | $ 2,700 | ||||
| 9/19 | Payment | $ | 67 cr. | ||||
| 9/30 | Charge: Home Depot | 1,850 | |||||
| 10/3 | Payment | 67 cr. | |||||
| 10/7 | Cash advance | 77 | |||||
Finance charge is 1.25% on average daily balance.
| Average daily balance | $ |
| Finance charge | $ |
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Finance A Quantitative Introduction Volume 2
Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128027975, 978-0128027974
