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The balance on Ramon Felipe's credit card on January 19, his billing date, was $359.73. For the period ending February 19, Ramon had the following
The balance on Ramon Felipe's credit card on January 19, his billing date, was $359.73. For the period ending February 19, Ramon had the following transactions to the right. a) Find the average daily balance for the billing period. b) Find the finance charge to be paid on February 19. Assume an interest rate of 1.2% per month. c) Find the balance due on February 19. a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.) January 23 January 26 February 1 February 3 Charge: Restaurant meal Payment Charge: Lawn ornaments Charge: Microwave oven $57.17 $180.00 $15.29 $207.07
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