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Author Question: Your credit card had balances of $800 for 13 days, $600 for 5 days, and $650 for 12 days. Assume an ... (Read 102 times)

TFauchery

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on: Nov 11, 2019
Your credit card had balances of $800 for 13 days, $600 for 5 days, and $650 for 12 days. Assume an annual interest rate of 18 percent, 30-day billing cycle and 20-day grace period. How much is the interest charge using the average daily balance method, if the credit card gets paid off five days after the statement due date?
◦ $8.71
◦ $1.74
◦ $12.20
◦ $19.17
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by TFauchery on Nov 11, 2019

tranoy

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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TFauchery

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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