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Essentials Of Investments
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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7:07 PM Fri Mar 25 * VPN 46% O Copy of Finance_ProblemSet1 + A ... A 田 日 3. The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of TEF PJTZ.J7. Date Activity Payment Charge Charge Charge Location Amount $200.00 04/05 04/15 04/22 04/25 Payment Gas $26.37 Масy's $105.42 $4.24 Starbucks а. Find the average daily balance. 3)1200.00 $26.37 t105,47 14.24 ) Teget anuer, I addeed total ament lad payments. dindey bu how manytranJkettin) 336.03. to b. If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Mill's finance charge for the month of April. (Make sure to use the method -- formula I = Prt -- shown in the lecture video, not the method shown in ALEKS.) ansuen, I tuck get the total amant spet I=Prt To 336.0318511 nex mutielied it by annual rate C185) ad e mutiplied ia by I for the Imunth//yeur thansaptiun giriny 6216.55 白 I!! !!
Transcribed Image Text:7:07 PM Fri Mar 25 * VPN 46% O Copy of Finance_ProblemSet1 + A ... A 田 日 3. The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of TEF PJTZ.J7. Date Activity Payment Charge Charge Charge Location Amount $200.00 04/05 04/15 04/22 04/25 Payment Gas $26.37 Масy's $105.42 $4.24 Starbucks а. Find the average daily balance. 3)1200.00 $26.37 t105,47 14.24 ) Teget anuer, I addeed total ament lad payments. dindey bu how manytranJkettin) 336.03. to b. If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Mill's finance charge for the month of April. (Make sure to use the method -- formula I = Prt -- shown in the lecture video, not the method shown in ALEKS.) ansuen, I tuck get the total amant spet I=Prt To 336.0318511 nex mutielied it by annual rate C185) ad e mutiplied ia by I for the Imunth//yeur thansaptiun giriny 6216.55 白 I!! !!
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