Question
Dallas Pierces most recent credit card statement follows. Her finance charge is 18% APR. Calculate Dallass average daily balance, finance charge, and new balance. Note:
Dallas Pierces most recent credit card statement follows. Her finance charge is 18% 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 | $ 1,090 | Previous balance |
|---|---|---|---|
| 9/7 | Payment | $ 300 | Credit |
| 9/13 | Charge: Kohls | $ 450 | |
| 9/17 | Payment | 300 | Credit |
| 9/28 | Charge: WalMart | 105 | |
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
