Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help i need work shown on how to do this so i can fully undertsand. DaNeeka has a credit card which charges 30.7% APR

Please help i need work shown on how to do this so i can fully undertsand.

image text in transcribed

DaNeeka has a credit card which charges 30.7% APR (or 2.5583% per month). Here is DaNeeka's statement for the month of April. Date Apr 1 Apr 10 Apr 12 Apr 13 Apr 18 Apr 23 Transaction Previous Balance Amazon order clothes shoes chair painting supplies Amount 9,636 $193 S129 $112 S105 Sloo What is DaNeeka's balance at the end of April? S 4275 What is DaNeeka's average daily balance for April? S 1491.82 x What is the finance charge DaNeeka is charged for April? S 38.16 x DaNeeka's minimum payment is 1% of her previous balance plus interest charges. How much is her minimum payment for April? s 38.16 x

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions