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Use the following table to help Musashi estimate his monthly interest charge for March. One way by which Musashi can reduce his finance charges, everything
Use the following table to help Musashi estimate his monthly interest charge for March. One way by which Musashi can reduce his finance charges, everything else remaining constant, is to: Make more, even more expensive purchases. Make smaller payments. Request a lower interest rate on his credit card. Consider the following case: On March 1, Musashi's credit card has a balance of $5,626.25. According to the terms of the card's lending agreement, an interest rate of 12% per rear is assessed and the monthly finance charges are calculated using the Average Daily Balance (ADB) including purchases method. Juring the month, Musashi expects to make the purchases listed below and will make a payment of $421.97 on March 23 , and has collected the ollowing additional information
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