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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 $290. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 18% on the account and that the billing date is April 1st.
The finance charge for the month of April is $_?
Transaction Date April 6 April 11 April 18 April 20 Charged $145 for a coat Made payment of $138 Charged $34 for DVDs Charged $26 for groceriesStep by Step Solution
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