Question
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $130 and the following activity.
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $130 and the following activity. (Round your answer to the nearest cent.)
Date Activity Amount October 3 Cash advance $50.00
October 7 Payment $75.00
October 10 Purchase $26.59
October 16 Credit $30.00
October 25 Purchase $121.60
average daily balance = $
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Finding Your Granite My Four Cornerstones Of Personal Leadership Security Audit And Leadership Series
Authors: Douglas P. Pflug
1st Edition
1032034114, 978-1032034119
