a credit card bill due on april 5 showed balance of $263. The card holder forgot to pay the bill until the 20th of the month, but paid the full amount of $263 at that time. In the means time, the card was used to make purchases of $138 on the 10th month and $74 on the 20th of the month. what was the average daily balance for the billing period?
a credit card bill due on april 5 showed balance of $263. The card holder forgot to pay the bill until the 20th of the month, but paid the full amount of $263 at that time. In the means time, the card was used to make purchases of $138 on the 10th month and $74 on the 20th of the month. what was the average daily balance for the billing period?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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a credit card bill due on april 5 showed balance of $263. The card holder forgot to pay the bill until the 20th of the month, but paid the full amount of $263 at that time. In the means time, the card was used to make purchases of $138 on the 10th month and $74 on the 20th of the month. what was the average daily balance for the billing period?
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