Question
Consider the following credit card activity for the month of September: Date Balance September 1 $0 September 7 $425 September 15 $1,053 September 20 $1,574
Consider the following credit card activity for the month of September:
| Date | Balance |
| September 1 | $0 |
| September 7 | $425 |
| September 15 | $1,053 |
| September 20 | $1,574 |
| September 27 | $2,104 |
If this card's annual APR is 25.5% and the September balance is not paid during the grace period, how much interest is owed for September?
Round your answer to the nearest dollar.
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Auditing And Systems Objective Questions And Explanations Comprehensive And Systematic Covarage Of Auditing Including The Most Recent Authoritative Pronouncements
Authors: Irvin N. Gleim
7th Edition
0917539672, 978-0917539671
