Adriana's credit card has an APR of 12.5 for purchases and 21 for cash advances. The company uses the average daily balance method with a daily periodic rate for purchases and cash advances. They also charge an additional cash advance fee of 55 per transaction. In a 30-day billing cycle, Adriana has an average daily balance of 423.92. She took a cash advance of 350.00 during the cycle and must pay finance charges for 23 days. What are her total finance charges?
Question 2
The credit card statement of Hayden Bolt for February listed these items: 2/1, previous balance, 376.18; 2/5, purchase, 178.66; 2/10, payment, 200.00; and 2/23, purchase, 73.51. The credit card company uses the average daily balance method excluding purchases and a daily periodic rate of 0.000493. Assuming it is not leap year, what is Hayden's finance charge for February and his new balance?
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
How to calculate credit card interest when the interest is compounded
A company that makes cell phones has the following cost structure. They have fixed costs of ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...