A credit card account had a $261 balance on March 5. A purchase of $196 was made on March 12, and a payment of $200 was made on March 28. Find the average daily balance if the billing date is April 5. (Round your answer to the nearest cent.)

Q: The financial officer of Toys and Noise arranges a loan of $8,500, at 8.5% interest, for 31 months.…

A: Given information P=$8,500 Rae of interest r=8.5% Since, time t=31 months Hence, t=3112 years Use…

Q: A homeowner has a mortgage payment of $996.10, an annual property tax bill of $590, and an annual…

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Q: The average daily balance of a credit card for the month of December was $5600, and the unpaid…

A: Given Data: The average daily balance of a credit card for December is: A=$5600 The unpaid balance…

Q: Tuition of $1830 will be due when the spring term begins in 6 months. What amount should a student…

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Q: a credit card bill for $655 was due on April 14th. Purchases of 152.56 were made on April 19th.The…

A: Note that it is given that the first payment made after April 14th was on April 19th. This implies…

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: Consider a credit card with a balance of $8500$ and an APR of 12.5%. If you want to make monthly…

A: The objective of this question is to calculate the total amount paid over a period of 3 years to…

Q: The total interest on a discounted loan is $40. If Bob received $480 into his bank account, what is…

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Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: In one particular month, a person has a balance of $ 3,490 on their credit card for 9 days. They…

A: From the provided information, the amount of balance on the credit card is given as:Amount of…

Q: A business analyst starts at $45,000. She receives a 5% raise at the end of each year. What is her…

A: P=$45000Rate = R= 5% =0.05Time=t=6 years

Q: Marks. On Feb. 26, George gave Nita a time extension on her bill by accepting a $4,800, 6%, 155-day…

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