The activity date, company, and amount for your credit card bill is shown below. The due date of the bill is September 15. Activity Date Company Amount August 15 Unpaid Balance $1236.43 August 16 Veterinary Clinic 125.00 August 17 Gasoline 23.56 August 18 Olive’s Restaurant 53.45 August 20 Seaside Market 41.36 August 22 Monterey Hotel 223.65 August 25 Airline Tickets 310.00 August 30 Bike 101 23.26 September 1 Trattoria Maria 36.45 September 12 Seaside Market 41.25 September 13 Credit Card Payment 1345.00 Find the finance charge on your September 15 bill if the interest rate is 18% APR.
The activity date, company, and amount for your credit card bill is shown below. The due date of the bill is September 15. Activity Date Company Amount August 15 Unpaid Balance $1236.43 August 16 Veterinary Clinic 125.00 August 17 Gasoline 23.56 August 18 Olive’s Restaurant 53.45 August 20 Seaside Market 41.36 August 22 Monterey Hotel 223.65 August 25 Airline Tickets 310.00 August 30 Bike 101 23.26 September 1 Trattoria Maria 36.45 September 12 Seaside Market 41.25 September 13 Credit Card Payment 1345.00 Find the finance charge on your September 15 bill if the interest rate is 18% APR.
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
Problem 1PS
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Question
The activity date, company, and amount for your credit card bill is shown below. The due date of the bill is September 15.
|
Activity Date |
Company |
Amount |
|
August 15 |
Unpaid Balance |
$1236.43 |
|
August 16 |
Veterinary Clinic |
125.00 |
|
August 17 |
Gasoline |
23.56 |
|
August 18 |
Olive’s Restaurant |
53.45 |
|
August 20 |
Seaside Market |
41.36 |
|
August 22 |
Monterey Hotel |
223.65 |
|
August 25 |
Airline Tickets |
310.00 |
|
August 30 |
Bike 101 |
23.26 |
|
September 1 |
Trattoria Maria |
36.45 |
|
September 12 |
Seaside Market |
41.25 |
|
September 13 |
Credit Card Payment |
1345.00 |
Find the finance charge on your September 15 bill if the interest rate is 18% APR.
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