Question
Show all work and formulas 8) The following is Justin's credit card statement for November. Fill in the balance column and calculate the finance charge,
Show all work and formulas
8) The following is Justin's credit card statement for November. Fill in the balance column and calculate the finance charge, using the Average Daily Balance method, given a billing cycle of 30 days, and an APR of 21%.
| Date | Purchase | Payment | Balance |
| 11/1 | 420.00 | ||
| 11/8 | 75.50 | ||
| 11/13 | 90.00 | ||
| 11/18 | 67.80 | ||
| 11/22 | 120.55 | ||
| 11/30 | ......... (F.Charge) |
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The Oxford Handbook Of The Sociology Of Finance
Authors: Karin Knorr Cetina, Alex Preda
1st Edition
0198708777, 978-0198708773
