Question
Frankie bought a trip on her credit card on May 28 for $2,231.00. She paid off the entire amount of the trip including the interest
Frankie bought a trip on her credit card on May 28 for $2,231.00. She paid off the entire amount of the trip including the interest charges 128 days later. The annual interest rate on purchases is 19.99%. How much interest was charged each day on the purchase price of the trip for $2,231.00? ?
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
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