If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 12% APR and the following transactions? Note: Round your answer to the nearest cent. 10/1 10/3 10/12 10/15 10/25 10/30 Amount owed 31-day billing cycle Previous balance Credit Charge: King Soopers. Payment Charge: Delta Charge: Holiday Fun $ 1,323.34 $ 80 $147 $ 300 $ 320 $ 60 Credit Credit $ 1,163
If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 12% APR and the following transactions? Note: Round your answer to the nearest cent. 10/1 10/3 10/12 10/15 10/25 10/30 Amount owed 31-day billing cycle Previous balance Credit Charge: King Soopers. Payment Charge: Delta Charge: Holiday Fun $ 1,323.34 $ 80 $147 $ 300 $ 320 $ 60 Credit Credit $ 1,163
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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Transcribed Image Text:K
nces
If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from
your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner
is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 12% APR and the
following transactions?
Note: Round your answer to the nearest cent.
10/1
10/3
10/12
10/15
10/25
10/30
Amount owed
$
31-day billing cycle
Previous balance
Credit
Charge: King Soopers
Payment
✔
Charge: Delta
Charge: Holiday Fun
1,323.34
$ 80
$147
$ 300
$ 320
$ 60
Credit
Credit
$ 1,163
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