Question
Cody Linds most recent credit card statement follows. His finance charge is 18% APR. Calculate Codys average daily balance, finance charge and new balance. 30-day
Cody Linds most recent credit card statement follows. His finance charge is 18% APR. Calculate Codys average daily balance, finance charge and new balance.
| 30-day billing cycle | |||||
| 9/2 | Billing date | $1,230 | previous balance | ||
| 9/7 | Payment | $580 | cr. | ||
| 9/13 | Charge: Kohls | $300 | |||
| 9/17 | Payment | $440 | cr. | ||
| 9/28 | Charge: WalMart | 175 | |||
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
3rd Edition
0894137409, 978-0894137402
