Question
Each billing period of your credit card starts on the first day of the month and ends on the last day. The APR is 28%.
Each billing period of your credit card starts on the first day of the month and ends on the last day. The APR is 28%.
You paid your November bill in full and your credit card activity for the month of December looks like this:
| Date | Activity |
| December 7 | $890 purchase |
| December 9 | $261 purchase |
| December 14 | $149 purchase |
| December 22 | $72 purchase |
| December 26 | $45 purchase |
If you do not pay your December bill within the grace period, how much will you owe the credit card company for December?
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
