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Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. (Round your answer to the nearest cent.)
| Balance: | $675 |
| Rate: | 18% |
| Payment: | $64 |
| Method: | Average daily balance |
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Financial Accounting An International Introduction
Authors: David Alexander
2nd Edition
9780273685203
