Question
You had a balance of $1,900 last month after your payment on your credit card. You charged one pair of shoes on the 10th for
You had a balance of $1,900 last month after your payment on your credit card. You charged one pair of shoes on the 10th for $190. Your card has a minimum finance charge fee of $5 per month and an APR of 12%. What is your total balance due this period if the card's fees are calculated via the adjusted balance method?
What is the total balance due= ?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
