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

Author Question: Alice Brontworth's credit card statement for November showed these items: 11/1, previous balance, ... (Read 128 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jun 24, 2018
Alice Brontworth's credit card statement for November showed these items: 11/1, previous balance, 121.33; 11/7, purchase, 59.10; 11/11, purchase, 23.27; and 11/17, payment, 110.00. Alice's card company uses a 1.75 monthly periodic rate and the average daily balance method including purchases. What is Alice's finance charge for November and the new balance?

Question 2

Hernando Fuentes uses a credit card that has a 21.9 APR and uses the adjusted balance method to calculate finance charges. Hernando's statement listed these facts: previous balance, 579.47; new purchases, 229.13; late payment fee, 29.00; payments, 150.00; and credits, 76.39. If the credit card company uses a daily periodic rate, what is Hernando's finance charge and new balance on a 30-day billing cycle?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfasdf

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 24, 2018
Answer to Question 1

2.32, 96.02

Answer to Question 2

6.36, 617.57


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jun 24, 2018
:D TYSM

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Acid-base balance and imbalance. Acid-base balance and imbalance.
To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
Many thought ideological politics was over in the United States, but 2012 showed strong ideological Many thought ideological politics was over in the United States, but 2012 showed strong ideological
Johannes Vermeer, Woman Holding a Balance. Johannes Vermeer, Woman Holding a Balance.
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) ...
Acid–Base Balance Acid–Base Balance
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library