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Consider the following credit card activity for the month of October: Date Balance Number of Days October 1 $268 4 October 5 $367 7 October
Consider the following credit card activity for the month of October:
| Date | Balance | Number of Days |
| October 1 | $268 | 4 |
| October 5 | $367 | 7 |
| October 12 | $461 | 7 |
| October 19 | $587 | 5 |
| October 24 | $696 | 5 |
| October 29 | $789 | 3 |
If this card's annual APR is 21.6% and the balance is paid during the grace period, what is the total amount owed for October?
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Auditing Today
Authors: Emile Woolf
3rd Edition
013052168X, 9780130521682
