Question
Using the average daily balance method and the information given, find the credit card average daily balance for the month of August (31 days). The
Using the average daily balance method and the information given, find the credit card average daily balance for the month of August (31 days). The annual interest rate is 18%. (Round to the nearest cent.)
July 31 Balance $210
August 7 Charge $81
August 13 Payment $80
August 18 Charge $113
August 19 Charge $42
The average daily balance for the month of August is $?
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
