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Use the unpaid balance method to find the finance charge on the credit card account for April. The starting balance from the previous month is
Use the unpaid balance method to find the finance charge on the credit card account for April. The starting balance from the previous month is $300. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 21% on the account and that the billing date is April 1st. Date April 4 Charged $130 for a coat April 8 Made payment of $139 April 16 Charged $34 for DVDS April 28 Charged $27 for groceries The finance charge for the month of April is $ (Round to the nearest cent as needed.)
Use the unpaid balance method to find the finance charge on the credit card account for April. The starting balance from the previous month is $300. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 21% on the account and that the billing date is April 1 st. The finance charge for the month of April is \$ (Round to the nearest cent as needed.)Step by Step Solution
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