Please help use this credit card table to answer the following questions.
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Please help use this credit card table to answer the
following questions.
directions Use the credit...
#1.) Here is a sample credit card statemet. Use the CARD Statement to answer problems a-...
#1.) Here is a sample credit card statemet. Use the CARD Statement to answer problems a- d. CARD Statement Account Number 1234 1234 1234 1234 O Statement Closing Date 11/06/08 Credit Line $2,100.00 Available Credit $1,576.80 TERESA TORRES 123 ANY STREET CITY CA 12345 o Account Summary Previous Balance - Credits - Payments + Purchases & Other Chgs - Cash Advances • FINANCE CHARGE - New Balance Payment Information O New Balance O Scheduled Minimum Payment O Scheduled Payment Due...
Which of the following is an advantage of using credit cards
1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a late fee. They are convenient.2. The amount left when you subtract last month's payment from last month's balance on a credit card statement is the (Points : 1) APR. unpaid balance. new balance. minimum payment.3. The...
Your credit card lender charges an annual rate of 15 percent on the average daily balance....
Your credit card lender charges an annual rate of 15 percent on the average daily balance. Your balance on March 10, the end of the last billing cycle, was $5,000. The following transactions were posted to your account during the billing cycle: 3/15 New credit purchase $500 3/20 Payment received $750 4/1 New credit purchase $1,000 The last day of the monthly billing cycle is April 10. Calculate the finance charge.
Your credit card lender charges an annual rate of 15 percent on the average daily balance....
Your credit card lender charges an annual rate of 15 percent on the average daily balance. Your balance on March 10, the end of the last billing cycle, was $5,000. The following transactions were posted to your account during the billing cycle: 3/15 New credit purchase $500 3/20 Payment received $750 4/1 New credit purchase $1,000 The last day of the monthly billing cycle is April 10. Calculate the finance charge.
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December statement showed: previous balance, $397.90, new purchases, $341.80; fees, $55, payments, $500; and purchase returns, $56.99. What is her finance charge for December? A) $83.52 B) $6.96 $49.92 D) $4.16 20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December...
8.8.3 Skill Builder Question Help The credit card with the transactions described in the popup below...
8.8.3 Skill Builder Question Help The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ ....
The credit card with the transactions described in the popup below uses the average daily balance...
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interost rate is 1.6 % of the average daily balance. Calculate parts a d using the statement in the popup Cick the icon to view the credit card statement a. Find the average daily balance for the billing period Round to the nearest cont The average daly balance for the biling period is $ (Round to the nearest...
2. A particular credit card has an annual interest rate of 25.74% and interest is calculated...
2. A particular credit card has an annual interest rate of 25.74% and interest is calculated by the average daily balance method. The table below describes the activity on this card over a 28-day billing cycle. What is the unpaid balance at the end of this billing cycle, if the initial unpaid balance at the beginning of the cycle is $1472.35? DAY ACTIVITY AMOUNT Purchase $154.15 Purchase $38.76 18 Payment $250 5
Use the credit card statement to answer questions 9 and 10. mber 2063 0907 609 Buling...
Use the credit card statement to answer questions 9 and 10. mber 2063 0907 609 Buling Date 23 Jan Payment De DEBITS ICREDITS (-) 57500 Candida's Shop Sklama's Pezas Beekman Department Store $31.85 $130.10 Food Book Store -$75.00 SUMMARY Creoba Furchase 9. What is the finance charge from this credit card statement? A $3.53 B. $4.53 C. $6.50 D. $7.00 E. $9.97 10. What is the payment made to the credit card company? A. $31.85 B. $38.50 C. $70.00 D....
The credit card with the transactions described in the popup below uses the average daily balance...
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.3% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement a. Find the average daly balance for the billing period. Round to the nearest cont. The average daily balance for the billing period is (Round to the nearest cent as needed.)...
#1.) Here is a sample credit card statemet. Use the CARD Statement to answer problems a- d. CARD Statement Account Number 1234 1234 1234 1234 O Statement Closing Date 11/06/08 Credit Line $2,100.00 Available Credit $1,576.80 TERESA TORRES 123 ANY STREET CITY CA 12345 o Account Summary Previous Balance - Credits - Payments + Purchases & Other Chgs - Cash Advances • FINANCE CHARGE - New Balance Payment Information O New Balance O Scheduled Minimum Payment O Scheduled Payment Due...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December statement showed: previous balance, $397.90, new purchases, $341.80; fees, $55, payments, $500; and purchase returns, $56.99. What is her finance charge for December? A) $83.52 B) $6.96 $49.92 D) $4.16 20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December...
8.8.3 Skill Builder Question Help The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ ....
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interost rate is 1.6 % of the average daily balance. Calculate parts a d using the statement in the popup Cick the icon to view the credit card statement a. Find the average daily balance for the billing period Round to the nearest cont The average daly balance for the biling period is $ (Round to the nearest...
2. A particular credit card has an annual interest rate of 25.74% and interest is calculated by the average daily balance method. The table below describes the activity on this card over a 28-day billing cycle. What is the unpaid balance at the end of this billing cycle, if the initial unpaid balance at the beginning of the cycle is $1472.35? DAY ACTIVITY AMOUNT Purchase $154.15 Purchase $38.76 18 Payment $250 5
Use the credit card statement to answer questions 9 and 10. mber 2063 0907 609 Buling Date 23 Jan Payment De DEBITS ICREDITS (-) 57500 Candida's Shop Sklama's Pezas Beekman Department Store $31.85 $130.10 Food Book Store -$75.00 SUMMARY Creoba Furchase 9. What is the finance charge from this credit card statement? A $3.53 B. $4.53 C. $6.50 D. $7.00 E. $9.97 10. What is the payment made to the credit card company? A. $31.85 B. $38.50 C. $70.00 D....
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.3% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement a. Find the average daly balance for the billing period. Round to the nearest cont. The average daily balance for the billing period is (Round to the nearest cent as needed.)...
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