Question
Consider the following credit card activity for the month of September: Date Balance September 1 $0 September 7 $372 September 14 $1,037 September 21 $1,505
Consider the following credit card activity for the month of September:
Date | Balance |
September 1 | $0 |
September 7 | $372 |
September 14 | $1,037 |
September 21 | $1,505 |
September 27 | $2,170 |
If this card's annual APR is 29.1% and the September balance is not paid during the grace period, how much interest is owed for September?
- There are 30 days in September.
Round your answer to the nearest dollar.
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
