Question
FEEDBACK WILL BE LEFT. ALWAYS AMAZING FOR GOOD WORK. Question 1: Find the average daily balance for the givencredit-card account. Assume the billing date is
FEEDBACK WILL BE LEFT. ALWAYS AMAZING FOR GOOD WORK.
Question 1:
Find the average daily balance for the givencredit-card account. Assume the billing date is the same day in eachmonth, and use the number of days in each month. Then find the finance charge if interest is 1.5% per month on the average daily balance.Finally, find the balance at the end of the billing cycle.
Previous balance $750.45
Aug.11 Billing Date
Aug.15 Mail Order $25.45
Aug.20 Returns CR $24.34
Aug.26 Wine $38.45
Aug.30 Payment CR $129
Sept.5 Returns CR $72.55
Sept.8 Birthday Gift $120
Sept.10 Cash Advance $100
BE AWARE THERE IS MORE THAN JUST ONE ANSWER NEEDED ABOVE - THE QUESTION STATES ALL WHAT IS NEEDED.
QUESTION 2:
Use the table below to find the following information for Company A bonds maturing in 2033.
Annual interest
company ticker - company A
coupon - 2.670
maturity - may 20, 2033
last price - 172.152
last yield - 4.840
EST $ VOL (000's) - 242,483
WHAT IS THE ANNUAL INTEREST IN $$? (TYPE INTEGER OR A DECIMAL)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started