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Author Question: If a credit card company has a 30-day billing period, 20-day grace period and an interest rate of 20 ... (Read 115 times)

nelaaney

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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
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Marked as best answer by nelaaney on Nov 11, 2019

leeeep

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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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nelaaney

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

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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