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For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.1% per month on the
For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.1% per month on the average daily balance. Find (a) the average day balance. (b) the monthly finance charge, and (c) the account balance for the next biling Previous Balance: $479.66 January 10 Bling Date January 16 Returns $104.40 January 21 Clothes 5137.32 January 27 Bus tickets $66.61 February 4 Payment $125 February 8 Flowers $63.35 (a) The average daily balance in (Round to the nearest cent as needed.) (b) The finance charge is (Round to the nearest cant as needed) (c) The account balance for the next billing is) (Round to the nearest cent as needed)
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