Last month, Kaitlin's average daily balance on her credit card was $1,180.81. The annual interest rate on that credit card is 17.52%. The minimum payment on that card is the interest charge (/= •n) plus 2% of the ending balance or $25, which 365 ever is larger. If there were 31 days in that month and the ending balance was $1,903.31, what would be the minimum payment that Kaitlin could make? O $66.39 O $55.07 $41.19 O $25.00 O $55.64

Last month, Kaitlin's average daily balance on her credit card was $1,180.81. The annual interest rate on that credit card is 17.52%. The minimum payment on that card is the interest charge (/= •n) plus 2% of the ending balance or $25, which 365 ever is larger. If there were 31 days in that month and the ending balance was $1,903.31, what would be the minimum payment that Kaitlin could make? O $66.39 O $55.07 $41.19 O $25.00 O $55.64

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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