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

Author Question: Tara Fields' credit card company uses the previous balance method to calculate finance charges. It ... (Read 134 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 24, 2018
Tara Fields' credit card company uses the previous balance method to calculate finance charges. It has an APR of 17 and uses a monthly periodic rate rounded to the nearest ten-thousandth. Tara's credit card statement for April showed a previous balance of 281.67, new purchases and fees of 112.93, and payments and credits of 200.00. What is Tara's finance charge for April and her new balance?

Question 2

Michael Lane checked his credit card statement and noticed a sale for 82.99 that was unauthorized. He also found that a sale for 52.87 had been listed as 58.27. If the new balance on his statement was 310.65, what is his correct new balance?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 24, 2018
Answer to Question 1

4.00, 198.60

Answer to Question 2

222.26


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 24, 2018
Wow, this really help

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Cardinal Fields of Gaze, Right Lateral Superior Gaze Cardinal Fields of Gaze, Right Lateral Superior Gaze
Receptive Fields of Color-Sensitive Ganglion Cells Receptive Fields of Color-Sensitive Ganglion Cells
Scientific Method Scientific Method
How to calculate present value (Question 3) How to calculate present value (Question 3)
The two visual fields of each eye are nasal (medial) and temporal (lateral) The two visual fields of each eye are nasal (medial) and temporal (lateral)
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library