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Author Question: A credit card charges 18 percent annual interest and Frank has $750 due on the statement date. He is ... (Read 115 times)

luminitza

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on: Nov 11, 2019
A credit card charges 18 percent annual interest and Frank has $750 due on the statement date. He is only able to make the minimum payment of $22.50. If the billing cycle is 30 days and the grace period is 20 days, and he pays the full balance at the next due date, how much interest would he owe?
◦ $17.94
◦ $10.76
◦ $28.70
◦ $21.53
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by luminitza on Nov 11, 2019

Mollythedog

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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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luminitza

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Reply 2 on: Nov 11, 2019
Great answer, keep it coming :)

rachel

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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