Question
On August 10, a credit card account had a balance of $345 . A purchase of $64 was made on August 15, and $155 was
On August 10, a credit card account had a balance of$345. A purchase of$64was made on August 15, and$155was charged on August 27. A payment of$75was made on August 15. The interest on the average daily balance is1.35%per month. Find the finance charge on the September 10 bill. (Round your answer to two decimal places.)
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
