Question
From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be $877.67.
From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be $877.67. Respond to the customers concern.
Note: Round your final answer to the nearest cent.
| 28-day billing cycle | |||
| 3/18 | Billing date | $ 664 | Previous balance |
| 3/24 | Payment | $ 60 | Credit |
| 3/29 | Charge: Sears | 250 | |
| 4/5 | Payment | 19 | Credit |
| 4/9 | Charge: Macys | 160 |
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
