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On September 1, Heather charged $1,000 to her credit card. On September 16, she charged another $2,000 to her card. She ended the month with
On September 1, Heather charged $1,000 to her credit card. On September 16, she charged another $2,000 to her card. She ended the month with a balance of $3,000 owed. Her credit card charges her an Annual Percentage Rate (APR) of 24%. Using the Average Daily Balance Method, calculate Heathers finance charge for the month of September assuming she is NOT entitled to a grace period for her charges. (show steps)
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