Question
Dallas Pierces most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallass average daily balance, finance charge, and new balance. (Round
Dallas Pierces most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallass average daily balance, finance charge, and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date
$ 1,200 previous balance
9/7 Payment $ 100 cr.
9/13 Charge: Kohls $ 350
9/17 Payment $ 200 cr.
9/28 Charge: WalMart $ 50
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
