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

Author Question: If a credit card company has a 30-day billing period, 20-day grace period and an interest rate of 20 ... (Read 84 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: Nov 11, 2019
If a credit card company has a 30-day billing period, 20-day grace period and an interest rate of 20 percent, how much interest will be charged on a $5000 average monthly balance which gets paid 40 days after the due date using the average daily balance method?
◦ $258.90
◦ $115.07
◦ $172.60
◦ $201.37
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nelaaney on Nov 11, 2019

leeeep

  • Sr. Member
  • ****
  • Posts: 315
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.
Answer Preview
Only 56% of students answer this correctly


nelaaney

  • Member
  • Posts: 560
Reply 2 on: Nov 11, 2019
Excellent

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Shelled invertebrate fossils of the Ordovician period Shelled invertebrate fossils of the Ordovician period
Transformation and Evolution of a Long-Period Comet Transformation and Evolution of a Long-Period Comet
Timing of teratogens. Vulnerability to teratogens is greatest in the embryonic period. Source: Moore Timing of teratogens. Vulnerability to teratogens is greatest in the embryonic period. Source: Moore
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Compound interest Compound interest
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library