Question
Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions
Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of April are given to the right. Assume an annual interest rate of 18%. Month: April (30 days);
previous month's balance: $350
April 11 Charged $61 for a coat
April 19 Made payment of $80
April 22 Charged $175 for DVDs
April 27 Charged $24 for groceries
The Finance charge is ___?
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Bitcoin From Theory To Practice
Authors: Alessio Barnini ,Alessandro Aglietti ,Nathalie Jeanne Schwitter ,Stefania Pizzichi ,Caterina Bonistalli
1st Edition
979-8601742344
