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Given the following: 30-Day billing cycle and 1.5% interest charge per month. 9/1 Balance $1,500. 9/8 Charge $300. 9/20 Payment $1,000. What is the average
Given the following: 30-Day billing cycle and 1.5% interest charge per month. 9/1 Balance $1,500. 9/8 Charge $300. 9/20 Payment $1,000.
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To calculate the average daily balance on October 1st we need to determine the daily balanc...
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Financial Algebra Advanced Algebra With Financial Applications
Authors: Robert Gerver, Richard J. Sgroi
2nd Edition
1337271799, 978-1337271790
