subject
Mathematics, 20.02.2020 04:51 taylordalton93

Calculate the average daily balance, finance charge, and new balance using the average daily balance method.

Monthly rate = 1.75%

Date Payments Purchases Balance Number of Days Product/Sum

9/1 - 9/5 $387.52 5 $1,937.60

9/6 $50.00 $337.52 1 $337.52

9/7 - 9/18 $ $

9/19 $62.66 $400.18 1 $400.18

9/20 - 9/30 $ $

Total 30 $

The average daily balance = ÷ 30 = $.

Finance charge = monthly rate x average daily balance = $.

New balance = previous balance - payment/credits + finance charge + new purchases = $.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Asequence {an} is defined recursively, with a1 = 1, a2 = 2 and, for n > 2, an = an-1 an-2 . find the term a241
Answers: 2
question
Mathematics, 21.06.2019 18:20
What is the solution to the equation? k/6.4=8.7 2.3 5.568 15.1 55.68
Answers: 1
question
Mathematics, 21.06.2019 19:00
Which shows the correct substitution of the values a,b and c from the equation 1=-2x+3x^2+1
Answers: 1
question
Mathematics, 21.06.2019 20:00
I’m stuck on this equation, anyone got the answer?
Answers: 1
You know the right answer?
Calculate the average daily balance, finance charge, and new balance using the average daily balance...
Questions
question
Chemistry, 02.11.2020 18:40
question
Mathematics, 02.11.2020 18:40
question
Mathematics, 02.11.2020 18:40
question
Mathematics, 02.11.2020 18:40
question
Business, 02.11.2020 18:40
question
Chemistry, 02.11.2020 18:40
question
World Languages, 02.11.2020 18:40