This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Tara Fields' credit card company uses the previous balance method to calculate finance charges. It ... (Read 111 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 24, 2018
Tara Fields' credit card company uses the previous balance method to calculate finance charges. It has an APR of 17 and uses a monthly periodic rate rounded to the nearest ten-thousandth. Tara's credit card statement for April showed a previous balance of 281.67, new purchases and fees of 112.93, and payments and credits of 200.00. What is Tara's finance charge for April and her new balance?

Question 2

Michael Lane checked his credit card statement and noticed a sale for 82.99 that was unauthorized. He also found that a sale for 52.87 had been listed as 58.27. If the new balance on his statement was 310.65, what is his correct new balance?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 24, 2018
Answer to Question 1

4.00, 198.60

Answer to Question 2

222.26


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 24, 2018
Wow, this really help

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e
Storage devices (A) External hard-disk drive (B) USB drive (C) Memory card (D) Optical disc (DVD) ... Storage devices (A) External hard-disk drive (B) USB drive (C) Memory card (D) Optical disc (DVD) ...
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
Fluid Balance Fluid Balance
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
GIC Options (Finance) GIC Options (Finance)
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library