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S + Paragraph 1 2 2 Select Styles E Editing Voice 4 5 Assignment: The Credit Card Statement Crystal received her latest credit card
S + Paragraph 1 2 2 Select Styles E Editing Voice 4 5 Assignment: The Credit Card Statement Crystal received her latest credit card bill from VISA on May 4. The previous balance on her credit card was $400. During the month of April, she charged a number of purchases to her card and made a cash payment of $150 to reduce her debt. The card has an interest rate of 21% per annum. VISA Statement: 4 April 10 April 13 April Next Billing Date 24 April 4 May Previous Balance Sears Hand Luggage $110.00 Repayment $150.00 State Farm Insurance $140.00 New Balance ? $400.00 Complete the following tables and determine the finance charge and new balance on her latest statement using the two methods that credit card companies typically use to calculate finance charges. The Unpaid Balance Method: Method Unpaid Balance Finance Charge on 4 May Statement New Balance on 4 May Statement The Average Daily Balance Method: Accessibility. Investigate Search Focus 12 4 56 Complete the following tables and determine the finance charge and new balance on her latest statement using the two methods that credit card companies typically use to calculate finance charges. The Unpaid Balance Method: Method Finance Charge on 4 May Statement New Balance on 4 May Statement Unpaid Balance The Average Daily Balance Method: Transaction Balance Day Days Balance Finance Charge on 4 May Statement Accessibility: Investigate New Balance on 4 May Statement 4 April $400.00 10 April 13 April 24 April Total = Total= DFOCUS
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