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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 $ 2,300
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 | $ 2,300 | ||||
| 9/19 | Payment | $ | 63 cr. | ||||
| 9/30 | Charge: Home Depot | 1,650 | |||||
| 10/3 | Payment | 63 cr. | |||||
| 10/7 | Cash advance | 73 | |||||
The finance charge is 1.5% on average daily balance.
Average daily balance?
Finance Charge?
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Fundamentals Of Financial Planning
Authors: Michael A Dalton, Joseph Gillice
3rd Edition
1936602091, 9781936602094
