Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle Previous balance 24 $ 2,600 Billing date Payment Charge: Home Depot Payment Cash advance 9/16 9/19 66 cr. 9/30 10/3 1,800 66 cr. 10/7 76 Finance charge is 1.5% on average daily balance. Average daily balance Finance charge

Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle Previous balance 24 $ 2,600 Billing date Payment Charge: Home Depot Payment Cash advance 9/16 9/19 66 cr. 9/30 10/3 1,800 66 cr. 10/7 76 Finance charge is 1.5% on average daily balance. Average daily balance 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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Similar questions

Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle Previous balance 9/16 Billing date Payment Charge: Home Depot Payment Cash advance $ 1,400 9/19 54 cr. 9/30 10/3 10/7 1,200 54 cr. 64 Finance charge is 1.25% on average daily balance. Average daily balance Finance charge %24
Calculate the average daily balance and finance charge on the statement below. Note: Round your answers to the nearest cent. 9/16 9/19 9/30 Billing date Payment Charge: Home Depot Payment 30-day billing cycle Previous balance i 10/3 10/7 Cash advance Finance charge is 1% on average daily balance. Average daily balance Finance charge $:59 Credit 1,450 59 Credit 69 $ 1,900
Calculate the average daily balance and finance charge on the statement below. Note: Round your answers to the nearest cent. Billing date Payment Charge: Home Depot Payment 9/16 9/19 9/30 10/3 10/7 Cash advance Finance charge is 1% on average daily balance. Average daily balance Finance charge 30-day billing cycle Previous balance $ 56 Credit 1,300 56 Credit 66 $ 1,600
Calculate the average daily balance and finance charge on the statement below. Note: Round your answers to the nearest cent. 9/16 9/19 9/30 10/3 10/7 Billing date Payment Charge: Home Depot Payment Cash advance 30-day billing cycle Previous balance Finance charge is 1.5% on average daily balance. Average daily balance Finance charge $60 Credit 1,500 60 Credit 70 $ 2,000
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.): 30-day billing cycle 9/16 Billing date. Previous balance. $1,300 9/19 Payment: $53 cr. 9/30 Charge: home depot: $1,150 10/3 Payment: $53 cr. 10/7 Cash advance: $63 Finance charge is 1% on average daily balance. Average daily balance: ? Finance charge: ?
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle 9/16 Billing date Previous balance $ 2,400 9/19 Payment $ 64 cr. 9/30 Charge: Home Depot 1,700 10/3 Payment 64 cr. 10/7 Cash advance 74 Finance charge is 1.25% on average daily balance.
5. Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.)30-day billing cycle9/16 Billing date Previous balance $ 2,600 9/19 Payment $ 66 cr. 9/30 Charge: Home Depot 1,800 10/3 Payment 66 cr. 10/7 Cash advance 76 Annual finance charge is 18.5% on average daily balance. Average daily balance $ Finance charge $
uppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $389.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.) Statement of Account Billing cycle: July 1–31 DATE DESCRIPTION OF TRANSACTIONS CHARGES July 04 Kit and Capoodle Pets $109.08 July 08 Payment 61.00 July 16 Cash advance 98.82 July 22 Mountain Vineyards 31.37 July 29 Vu Video (credit) 95.97 $
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Calculate the average daily balance and finance charge on the statement below. Assume 2% finance charge on average daily balance. Note: Round your "Finance charge" to the nearest cent. 7/3 7/18 7/27 30-day billing cycle Balance Payment Charge Walmart Average daily balance Finance charge $ 400 100 250 Credit
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $110 and the following activity. (Round your answer to the nearest cent.)
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $120 and the following activity. (Round your answer to the nearest cent.) Date Activity Amount October 3 Cash advance $50.00 October 7 Payment $75.00 October 10 Purchase $28.59 October 16 Credit $10.00 October 25 Purchase $124.60 average daily balance = $?

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