Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). The balance at the beginning of the month is 580$. The annual interest rate is 17%. The billing date is December 1st. The transactions on the account for the month are given below. November 1 Finance charge for November November 8 Charged $53 November 10 $182 return November 13 Charged $405 (airplane tickets) November 22 Charged $219 (shopping) November 28 Payment $700 The finance charge added to November bill: $ (Round the answers to nearest cent.) The finance charge for November (added to December bill): $ The balance at the end of November: $
Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). The balance at the beginning of the month is 580$. The annual interest rate is 17%. The billing date is December 1st. The transactions on the account for the month are given below. November 1 Finance charge for November November 8 Charged $53 November 10 $182 return November 13 Charged $405 (airplane tickets) November 22 Charged $219 (shopping) November 28 Payment $700 The finance charge added to November bill: $ (Round the answers to nearest cent.) The finance charge for November (added to December bill): $ The balance at the end of November: $
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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- Use the unpaid balance method to find the finance charge on the credit card account for November (that will appear on December bill). The balance at the beginning of the month is 580$. The annual interest rate is 17%. The billing date is December 1st. The transactions on the account for the month are given below.
-
The finance charge added to November bill: $ (Round the answers to nearest cent.)
November 1 Finance charge for November
November 8
Charged $53
November 10
$182 return
November 13
Charged $405 (airplane tickets)
November 22
Charged $219 (shopping)
November 28
Payment $700
- The finance charge for November (added to December bill): $
- The balance at the end of November: $
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