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You have been pricing headphones in several stores. Three stores have the identical price of$.400. Each of these stores charges 18 percent APR, has a
You have been pricing headphones in several stores. Three stores have the identical price of$.400. Each of these stores charges 18 percent APR, has a 30-day grace period, and sends out bills on the first of the month. On further investigation, you find that Store A calculates the finance charge by using the average daily balance method, that Store B uses the adjusted balance method, and that Store C uses the previous balance method. Assume you purchased the headphones on May 5 and made a $100 payment on June 15 What is the finance charge for June if you made the purchase from Store A? from Store B? from Store C? (Do not round your intermediate calculations. Round your final answers to 2 decimal places. Omit the "$" sign in your response.) Finance Charge Store A StoreB Store c
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