Question
Joy's bill for Php 1,024 was due on December 1.Purchases of Php 3,015 were made on December 18 .A payment of Php 2,000 was made
Joy's bill for Php 1,024 was due on December 1.Purchases of Php 3,015 were made on December 18 .A payment of Php 2,000 was made on December 15.The interest on the average daily balance is 2.75% per month. Find the finance charge on the January 9 bill.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
