Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $3000 balance, 18%, $2,500 payment previous balance method$ 45 adjusted balance method$ 7.50average daily balance method $ ?
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $3000 balance, 18%, $2,500 payment previous balance method$ 45 adjusted balance method$ 7.50average daily balance method $ ?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.)
$3000 balance, 18%, $2,500 payment
previous balance method
$ 45
adjusted balance method
$ 7.50
average daily balance method
$ 45
adjusted balance method
$ 7.50
average daily balance method
$ ?
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