20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a...

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20 22) Crystal Britts credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous ba

business accounting

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Answer 1

Answer #1

Solution:

Finance charge for December = Previous balance*21%*1/12 = $397.90*21%*1/12 = $6.96

Hence option b is correct.

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Answer 2

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