Question
Using the table below, approximately what is the average daily balance (ADB) in this billing cycle? Number of Days (1) Balance (2) Calculation [1 *
Using the table below, approximately what is the average daily balance (ADB) in this billing cycle?
| Number of Days (1) | Balance (2) | Calculation [1 * 2] |
| 5 | $1,582 | $7,910 |
| 7 | ??? | $16,324 |
| 15 | $2,732 | |
| 4 | $2,457 | $9,828 |
| Total | $75,042 |
| A. $1,258 | ||
| B. $5,208.67 | ||
| C. $1,018 | ||
| D. $2,420 |
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Finance And Economics Discussion Series A Quantitative Defense Of Stabilization Policy
Authors: United States Federal Reserve Board, Darrel Cohen
1st Edition
1288717148, 9781288717149
