Question
Dallas Pierces most recent credit card statement follows. His finance charge is 15% APR. Calculate Dallass average daily balance, finance charge, and new balance. (Round
Dallas Pierce’s most recent credit card statement follows. His finance charge is 15% APR. Calculate Dallas’s average daily balance, finance charge, and new balance. (Round your final answers to the nearest cent.)
30-day billing cycle 9/2 9/7 9/13 9/17 9/28 Billing date Payment Charge: Kohl's Payment Charge: WalMart $1,100 previous balance 24 320 cr. 24 $4 300 310 cr. 110 Average daily balance Finance charge New balance
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
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