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Kessler Co., makes a credit card sale to a customer for $600. The credit card sale has a grace period of 30 days and then
Kessler Co., makes a credit card sale to a customer for $600. The credit card sale has a grace period of 30 days and then an interest charge of 1.5% per month is added to the balance. If the unpaid balance on the above sale is $360 at the end of the grace period, the interest charge is $9.00. $6.00. $3.60. $5.40
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