QUESTION 2 Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). T The balance at the beginning of the month is 380$. The annual interest rate is 23%. The billing date is December 1st. The transactions on the account for the month are given below. Finance charge for November Charged $53 Amazon refund $124 (item not delivered) Charged $305 (airplane tickets) Charged $219 (shopping) Payment $700 The finance charge added to November bill: S The balance at the end of November: S The finance charge for November (added to December bill): $ (Round the answers to nearest cent.) November 1 November 8 November 10 November 13. November 22 November 28
QUESTION 2 Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). T The balance at the beginning of the month is 380$. The annual interest rate is 23%. The billing date is December 1st. The transactions on the account for the month are given below. Finance charge for November Charged $53 Amazon refund $124 (item not delivered) Charged $305 (airplane tickets) Charged $219 (shopping) Payment $700 The finance charge added to November bill: S The balance at the end of November: S The finance charge for November (added to December bill): $ (Round the answers to nearest cent.) November 1 November 8 November 10 November 13. November 22 November 28
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:QUESTION 2
Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). T The
balance at the beginning of the month is 380$. The annual interest rate is 23%. The billing date is December 1st. The transactions on the
account for the month are given below.
November 1
November 8
November 10
November 13
November 22
November 28
Finance charge for November
Charged $53
Amazon refund $124 (item not
delivered)
Charged $305 (airplane tickets)
Charged $219 (shopping)
Payment $700
The finance charge added to November bill: S
The balance at the end of November: S
The finance charge for November (added to December bill): $
(Round the answers to nearest cent.)
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