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QUESTION 1 Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). The balance at the beginning of the month is 380$. The annual interest rate is 19%. The billing date is December 1st. The transactions on the account for the month are given below. November 1 November 8 November 10 Finance charge for November Charged $53 Amazon refund $28 (item not delivered) Charged $305 (airplane tickets) Charged $219 (shopping) Payment $700 The finance charge added to November bill: The balance at the end of November: S The finance charge for November (added to December bill): (Round the answers to nearest cent.) November 13 November 22 November 28

QUESTION 1 Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). The balance at the beginning of the month is 380$. The annual interest rate is 19%. The billing date is December 1st. The transactions on the account for the month are given below. November 1 November 8 November 10 Finance charge for November Charged $53 Amazon refund $28 (item not delivered) Charged $305 (airplane tickets) Charged $219 (shopping) Payment $700 The finance charge added to November bill: The balance at the end of November: S The finance charge for November (added to December bill): (Round the answers to nearest cent.) November 13 November 22 November 28

Essentials Of Investments
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
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QUESTION 1 Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). The balance at the beginning of the month is 380$. The annual interest rate is 19%. The billing date is December 1st. The transactions on the account for the month are given below. November 1 November 8 November 10 Finance charge for November Charged $53 Amazon refund $28 (item not delivered) Charged $305 (airplane tickets) Charged $219 (shopping) Payment $700 The finance charge added to November bill: The balance at the end of November: $ November 13 November 22 November 28 The finance charge for November (added to December bill): S (Round the answers to nearest cent.)
Transcribed Image Text:QUESTION 1 Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). The balance at the beginning of the month is 380$. The annual interest rate is 19%. The billing date is December 1st. The transactions on the account for the month are given below. November 1 November 8 November 10 Finance charge for November Charged $53 Amazon refund $28 (item not delivered) Charged $305 (airplane tickets) Charged $219 (shopping) Payment $700 The finance charge added to November bill: The balance at the end of November: $ November 13 November 22 November 28 The finance charge for November (added to December bill): S (Round the answers to nearest cent.)
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