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 155 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
YES! Correct, THANKS for helping me on my review

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

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?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Cardinal Fields of Gaze, Left Lateral Inferior Gaze Cardinal Fields of Gaze, Left Lateral Inferior Gaze
The Four Fields of Anthropology The Four Fields of Anthropology
Testing for Glucose in Urine Using the Tablet Method Testing for Glucose in Urine Using the Tablet Method
The bore and stroke of pistons are used to calculate an engine’s displacement. The bore and stroke of pistons are used to calculate an engine’s displacement.
Warming effleurage to thigh muscles. Use reinforced palm over palm method to apply deeper pressure ... Warming effleurage to thigh muscles. Use reinforced palm over palm method to apply deeper pressure ...
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library