31-day billing cycle 10/1 Previous balance 10/3 Credit 10/12 Charge: King Soopers 10/15 Payment 10/25 charge: Delta 10/30 Charge: Holiday Fun $1,169 $74 cr. 153 360 cr. 326 66
31-day billing cycle 10/1 Previous balance 10/3 Credit 10/12 Charge: King Soopers 10/15 Payment 10/25 charge: Delta 10/30 Charge: Holiday Fun $1,169 $74 cr. 153 360 cr. 326 66
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
![If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from
your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner
is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and the
following transactions? (Round your answer to the nearest cent.)
31 day billing cycle
10/1 Previous balance
$1,169
10/3 credit
10/12 Charge: King Soopers
10/15 Payment
10/25 charge: Delta
10/30 Charge: Holiday Fun
$74 cr.
153
360 cr.
326
66
Amount owed](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3835a2e1-8dd9-4827-9acb-e3c99054933a%2F8a5b5b5c-715e-4a13-9fc7-f9502ef1df19%2Fw2s8f2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from
your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner
is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and the
following transactions? (Round your answer to the nearest cent.)
31 day billing cycle
10/1 Previous balance
$1,169
10/3 credit
10/12 Charge: King Soopers
10/15 Payment
10/25 charge: Delta
10/30 Charge: Holiday Fun
$74 cr.
153
360 cr.
326
66
Amount owed
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