After the due date on Sept.4, Ashley made the following transactions using her credit card. Sept. 6 Sept. 8 Sept. 13 bought washing machine worth 5,500 pesos used it to pay school fees worth 6,200 pesos paid 2,500 pesos paid 1,000pesos used it to pay insurance worth 9,500 pesos paid 5,000 pesos Sept. 16 Sept. 21 Sept. 30 The next billing date is Oct.4. The interest on the average daily balance is 1%. a) )Construct a table of transactions (complete) b) What is the average daily balance c compute for the finance charge
After the due date on Sept.4, Ashley made the following transactions using her credit card. Sept. 6 Sept. 8 Sept. 13 bought washing machine worth 5,500 pesos used it to pay school fees worth 6,200 pesos paid 2,500 pesos paid 1,000pesos used it to pay insurance worth 9,500 pesos paid 5,000 pesos Sept. 16 Sept. 21 Sept. 30 The next billing date is Oct.4. The interest on the average daily balance is 1%. a) )Construct a table of transactions (complete) b) What is the average daily balance c compute for the finance charge
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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this is modern math
Transcribed Image Text:After the due date on Sept.4, Ashley made the following transactions using
her credit card.
bought washing machine worth 5,500 pesos
used it to pay school fees worth 6,200 pesos
Sept. 6
Sept. 8
Sept. 13
Sept. 16
paid 2,500 pesos
Sept. 21
Sept. 30
paid 1,000pesos
used it to pay insurance worth 9,500 pesos
paid 5,000 pesos
The next billing date is Oct.4. The interest on the average daily balance is 1%.
a)
)Construct a table of transactions (complete)
What is the average daily balance
compute for the finance charge
b)
c)
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