The balance on a credit card, that charges a 12% APR interest rate, over a 1 month period is given in the following table: Days 1-3: Days 4-20: $300 ($100 purchase) Days 21-30: $150 ($150 payment) $200 (initial balance) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [ ? ] Round to the nearest hundredth. Enter

The balance on a credit card, that charges a 12% APR interest rate, over a 1 month period is given in the following table: Days 1-3: Days 4-20: $300 ($100 purchase) Days 21-30: $150 ($150 payment) $200 (initial balance) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [ ? ] Round to the nearest hundredth. Enter

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...

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The balance on a credit card, that charges a 10.5% APR interest rate, over a 1 month period is given in the following table: Days 1-3: $150 (initial balance) Days 4-20: $200 ($50 purchase) Days 21-30: $50 ($150 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [ ? ] %3D Round to the nearest hundredth. Enter 3- 2021 Acelu Corporation All Rights Reserved.
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The balance on a credit card, that charges a 12% APR interest rate, over a 1 month period is given in the following table: Days 1-3: $150 (initial balance) Days 4-20: $200 ($50 purchase) Days 21-30: $50 ($150 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [?] Round to the nearest hundredth.
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