Question
Consider the following credit card activity for the month of September: Date Balance Number of Days September 1 $300 8 September 9 $391 3 September
Consider the following credit card activity for the month of September:
| Date | Balance | Number of Days |
| September 1 | $300 | 8 |
| September 9 | $391 | 3 |
| September 12 | $491 | 9 |
| September 21 | $576 | 5 |
| September 26 | $683 | 5 |
If this card's annual APR is 27.04% and the balance is not paid during the grace period, what is the total amount owed for September?
Round your answer to the nearest dollar.
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
1st Edition
1844802655, 9781844802654
