The activity date, company, and amount for a credit card bill are shown below. The due date of the bill is July 10. On June 10, there was an unpaid balance of $987.81. Find the finance charge if the interest rate is 1.7% per month. (Round your answer to the nearest cent.) $4 Activity Date Company Amount Unpaid balance Jan's Surf Shop June 10 98781 June 11 156.33 June 12 Albertson's 45.61 June 15 The Down Shoppe 5984 June 16 NY Times Sales 18.54 June 20 Cardiff Delicatessen 23.09 June 22 The Olde Golf Mart 126.92 June 28 Lee's Hawaiian Restaurant 41.78 June 30 City Food Drive 100.00 July 2 Credit card payment -1000.00 July 8 Safeway Stores 161.38 Submit Answer

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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The activity date, company, and amount for a credit card bill are shown below. The due date of the bill is July 10. On June 10, there was an unpaid balance of $987.81. Find the finance charge if the
interest rate is 1.7% per month. (Round your answer to the nearest cent.)
Activity
Date
Company
Amount
June 10
Unpaid balance
987.81
June 11
Jan's Surf Shop
156.33
June 12
Albertson's
45.61
June 15
The Down Shoppe
59.84
June 16
NY Times Sales
18.54
June 20
Cardiff Delicatessen
23.09
June 22
The Olde Golf Mart
126.92
June 28
Lee's Hawaiian Restaurant
41.78
June 30
City Food Drive
100.00
July 2
Credit card payment
-1000.00
July 8
Safeway Stores
161.38
Submit Answer
Transcribed Image Text:The activity date, company, and amount for a credit card bill are shown below. The due date of the bill is July 10. On June 10, there was an unpaid balance of $987.81. Find the finance charge if the interest rate is 1.7% per month. (Round your answer to the nearest cent.) Activity Date Company Amount June 10 Unpaid balance 987.81 June 11 Jan's Surf Shop 156.33 June 12 Albertson's 45.61 June 15 The Down Shoppe 59.84 June 16 NY Times Sales 18.54 June 20 Cardiff Delicatessen 23.09 June 22 The Olde Golf Mart 126.92 June 28 Lee's Hawaiian Restaurant 41.78 June 30 City Food Drive 100.00 July 2 Credit card payment -1000.00 July 8 Safeway Stores 161.38 Submit Answer
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