Mathematics, 10.12.2020 20:20 Janupedia
Roger has a credit card with an APR of 19.40% and a billing cycle of 30 days. The following table shows his transactions with that credit card in the month of June.
Date
Amount ($)
Transaction
6/1
265.40
Beginning balance
6/6
90.00
Payment
6/16
43.33
Purchase
6/22
37.71
Purchase
If Roger’s finance charge for June is $3.56, which method of calculating the finance charge does Roger’s credit card company use?
a.
daily balance method
b.
adjusted balance method
c.
previous balance method
d.
there is not enough information to determine which method was used
Answers: 2
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1) you deposit $2,500 in an account that earns 4% simple interest. how much do you earn in eight years?
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Francisco's credit card has an apr of 28.98%, calculated on the previous monthly balance. his credit card record for the last 7 months is shown in the table below francisco is trying to figure out what this all means. answer the following questions: what is the total amount that francisco has paid in interest over the 7 months? what is the total amount that francisco has made in payments over the 7 months? how much of francisco's payments have gone to paying down the principal on his account? what is francisco's new balance at the end of month 8? what will francisco be charged for interest for month 8?
Answers: 2
Roger has a credit card with an APR of 19.40% and a billing cycle of 30 days. The following table sh...
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