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You have a credit card that charges an interest rate of 17.3% compounded monthly using the adjusted balance method. The table below shows your activity
You have a credit card that charges an interest rate of 17.3% compounded monthly using the adjusted balance method. The table below shows your activity for the month of April. Date Activity April 1 Beginning Balance April 10 Purchase April 12 Payment April 18 Purchase April 19 Purchase April 21 Purchase April 30 Ending Balance Amount Balance 1,475.00 39.30 1,514.30 -275.00 1,239.30 87.00 1,326.30 11.00 1,337.30 61.80 1,399.10 1,399.10 What is the adjusted balance for this account? $ What is the finance charge for the month of April
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