Instructor: Bemadine Cochran Student: Roy'ce Brittentime Date: 11/18/19 Course: Contemporary College Math (B) Assignment: Homework 10.4 (FA2019) 10. The balance on Ramon Felipe's credit card on January 11, his billing date, was $315.54. For the period ending February 11, Ramon had the following transactions to the right. a) Find the average daily balance for the billing period. b) Find the finance charge to be paid on February 11 Assume an interest rate of 1.2% per month c) Find the balance due on February 11 January 19 Charge $55.81 Restaurant meal January 24 Payment February 1 Charge: $110.00 $53.04 Lawn omaments February 6 Charge: $112.02 Microwave oven a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.) b) The finance charge to be paid on February 11 is $ (Round to the nearest cent as needed.) c) The balance due on February 11 is $ (Round to the nearest cent as needed.)
Instructor: Bemadine Cochran Student: Roy'ce Brittentime Date: 11/18/19 Course: Contemporary College Math (B) Assignment: Homework 10.4 (FA2019) 10. The balance on Ramon Felipe's credit card on January 11, his billing date, was $315.54. For the period ending February 11, Ramon had the following transactions to the right. a) Find the average daily balance for the billing period. b) Find the finance charge to be paid on February 11 Assume an interest rate of 1.2% per month c) Find the balance due on February 11 January 19 Charge $55.81 Restaurant meal January 24 Payment February 1 Charge: $110.00 $53.04 Lawn omaments February 6 Charge: $112.02 Microwave oven a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.) b) The finance charge to be paid on February 11 is $ (Round to the nearest cent as needed.) c) The balance due on February 11 is $ (Round to the nearest cent as needed.)
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:Instructor: Bemadine Cochran
Student: Roy'ce Brittentime
Date: 11/18/19
Course: Contemporary College Math (B) Assignment: Homework 10.4
(FA2019)
10. The balance on Ramon Felipe's credit card on January 11,
his billing date, was $315.54. For the period ending
February 11, Ramon had the following transactions to the
right.
a) Find the average daily balance for the billing period.
b) Find the finance charge to be paid on February 11
Assume an interest rate of 1.2% per month
c) Find the balance due on February 11
January 19 Charge
$55.81
Restaurant meal
January 24 Payment
February 1 Charge:
$110.00
$53.04
Lawn omaments
February 6 Charge:
$112.02
Microwave oven
a) The average daily balance for the billing period was $
(Round to the nearest cent as needed.)
b) The finance charge to be paid on February 11 is $
(Round to the nearest cent as needed.)
c) The balance due on February 11 is $
(Round to the nearest cent as needed.)
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