Question
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 $ 3,300
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 $ 3,300
9/19 Payment $ 73 cr.
9/30 Charge: Home Depot 2,150
10/3 Payment 73 cr.
10/7 Cash advance 83
Finance charge is 1.25% on average daily balance.
Average daily balance $
Finance charge $
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
