Suppose that you made three purchases using your credit card during the month of January. The first purchase was on January 8th for $484. The second purchase was on January 19th for $294. The third purchase was on January 24th. If your average daily balance for January was $677, what was the dollar amount of your last purchase? Remember: There are 31 days in January. You made no purchases between January 1st and January 7th. This question is not asking for the card's final January balance. Round your answer to the nearest dollar.

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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Suppose that you made three purchases using your credit card during the month of January. The first purchase was on
January 8th for $484. The second purchase was on January 19th for $294. The third purchase was on January 24th. If
your average daily balance for January was $677, what was the dollar amount of your last purchase? Remember: There
are 31 days in January. You made no purchases between January 1st and January 7th. This question is not asking for the
card's final January balance. Round your answer to the nearest dollar.
Transcribed Image Text:Suppose that you made three purchases using your credit card during the month of January. The first purchase was on January 8th for $484. The second purchase was on January 19th for $294. The third purchase was on January 24th. If your average daily balance for January was $677, what was the dollar amount of your last purchase? Remember: There are 31 days in January. You made no purchases between January 1st and January 7th. This question is not asking for the card's final January balance. Round your answer to the nearest dollar.
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