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Cody Linds most recent credit card statement follows. His finance charge is 15% APR. Calculate Codys average daily balance, finance charge and new balance. (Round
Cody Linds most recent credit card statement follows. His finance charge is 15% APR. Calculate Codys average daily balance, finance charge and new balance. (Round your final answers to the nearest cent.)
30-day billing cycle | |||||||
9/2 | Billing date | $1,240 | previous balance | ||||
9/7 | Payment | $600 | cr. | ||||
9/13 | Charge: Kohls | $600 | |||||
9/17 | Payment | $450 | cr. | ||||
9/28 | Charge: WalMart | 180 | |||||
Average daily balance | $ |
Finance charge | $ |
New balance |
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