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 6% APR and the following transactions? Note: Round your answer to the nearest cent. 10/1 10/3 10/12 10/15 10/25 31-day billing cycle. Previous balance Credit Charge: King Soopers Payment. Charge: Delta $ 73 $ 154 $ 370 $ 327 Credit Credit $ 1,170
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 6% APR and the following transactions? Note: Round your answer to the nearest cent. 10/1 10/3 10/12 10/15 10/25 31-day billing cycle. Previous balance Credit Charge: King Soopers Payment. Charge: Delta $ 73 $ 154 $ 370 $ 327 Credit Credit $ 1,170
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
H5.
Transcribed Image Text: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 6% 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
31-day billing cycle.
Previous balance
Credit
Charge: King Soopers
Payment
Charge: Delta
Charge: Holiday Fun
X Answer is complete but not entirely correct.
Amount owed
$1,281.38 x
$ 73
$ 154
$ 370
$ 327
$ 67
Credit
Credit
$ 1,170
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