Question
Using the unpaid balance method, find the current month's finance charge on a credit card account having the following transactions. Last month's balance: $830 Last
Using the unpaid balance method, find the current month's finance charge on a credit card account having the following transactions.
Last month's balance: $830
Last payment: $260
Annual Interest rate: 18%
Purchases:$559
Returns: $851
The finance charge is _____
(round to the nearest cent)
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
