Question
Dallas Pierces most recent credit card statement follows. Her finance charge is 15% APR. Calculate Dallass average daily balance, finance charge, and new balance. Note:
Dallas Pierces most recent credit card statement follows. Her finance charge is 15% APR. Calculate Dallass average daily balance, finance charge, and new balance. Note: Round your final answers to the nearest cent.
| 30-day billing cycle | |||
| 9/2 | Billing date | $ 1,200 | Previous balance |
|---|---|---|---|
| 9/7 | Payment | $ 520 | Credit |
| 9/13 | Charge: Kohls | $ 540 | |
| 9/17 | Payment | 410 | Credit |
| 9/28 | Charge: WalMart | 160 | |
What's the average daily balance?
Finance charge?
New balance?
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The Future Of Money How The Digital Revolution Is Transforming Currencies And Finance
Authors: Eswar S. Prasad
1st Edition
0674258444, 978-0674258440
