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Use the add-on method of calculating interest to find the total interest and the monthly payment of a $1300 loan for 20 months at 6.4%.
Use the add-on method of calculating interest to find the total interest and the monthly payment of a $1300 loan for 20 months at 6.4%. The total interest is $. (Type an integer or decimal rounded to the nearest cent as needed.)Find the average daily balance, the finance charge if the monthly interest rate is 1.5%, and the new balance for an account with these transactions. Previous Balance Billing Date Date Transaction June 20 Return June 21 Purchase June 28 Purchase July 10 Payment $721.12 June 12 Amount $ 87.39 $ 76.87 $ 53.95 $215 The average daily balance is $ (Round to the nearest cent.) Use the add-on method of calculating interest to find the total interest and the monthly payment of a $1300 loan for 20 months at 6.4%. The total interest is $. (Type an integer or decimal rounded to the nearest cent as needed.)Find the average daily balance, the finance charge if the monthly interest rate is 1.5%, and the new balance for an account with these transactions. Previous Balance Billing Date Date Transaction June 20 Return June 21 Purchase June 28 Purchase July 10 Payment $721.12 June 12 Amount $ 87.39 $ 76.87 $ 53.95 $215 The average daily balance is $ (Round to the nearest cent.)
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