Question
Consider the following credit card activity for the month of October: Date Balance Number of Days October 1 $277 4 October 5 $391 7 October
Consider the following credit card activity for the month of October:
| Date | Balance | Number of Days |
| October 1 | $277 | 4 |
| October 5 | $391 | 7 |
| October 12 | $454 | 7 |
| October 19 | $575 | 5 |
| October 24 | $691 | 5 |
| October 29 | $778 | 3 |
If this card's annual APR is 26.47% and the balance is paid during the grace period, what is the total amount owed for October?
Round your answer to the nearest dollar.
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Monthly Bank Reconciliation Statement Log
Authors: Elizabeth S.R.M. Cole
1st Edition
1541036824, 978-1541036826
