Word Problem 14-12 (Algo) [LU 14-2 (1)] If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehr is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and th following transactions? Note: Round your answer to the nearest cent. 10/1 10/3 10/12 10/15 10/25 10/30 Amount owed 31-day billing cycle Previous balance Credit Charge: King Soopers Payment Charge: Delta Charge: Holiday Fun $62 $165 $ 480 $ 338 $78 Credit Credit $ 1,181

Word Problem 14-12 (Algo) [LU 14-2 (1)] If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehr is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and th following transactions? Note: Round your answer to the nearest cent. 10/1 10/3 10/12 10/15 10/25 10/30 Amount owed 31-day billing cycle Previous balance Credit Charge: King Soopers Payment Charge: Delta Charge: Holiday Fun $62 $165 $ 480 $ 338 $78 Credit Credit $ 1,181

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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question 6
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Word Problem 14-12 (Algo) [LU 14-2 (1)] If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 12% APR and the following transactions? Note: Round your answer to the nearest cent. 31 - day billing cycle 10/1 Previous balance $ 1, 160 10/3 Credit $ 83 Credit 10/12 Charge: King Soopers S 144 10/15 Payment S 270 Credit 10/25 Charge: Delta $ 317 10/30 Charge: Holiday Fun S 57 What is the amount owed?
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