Question 13 6 pts Use the unpaid balance method to find the finance charge on the...
Use the unpaid balance method to calculate the finance rate on Joanna's credit account.if last month's balance was 15 she made a payment of $375. She bought hiking for $120, and she returned a jacket for $140. Assume the annual interest rate is 21%
Please show the work. 12. Using the average daily balance method and the information given, find the credit card finance charge for the month of August (31 days). The annual interest rate is 18%. July 31 August 14 August 16 August 18 August 23 Balance Charge Payment Charge Charge $220 $93 $210 $142 $43 The finance charge is $ (Round to the nearest cent.)
Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) $ 1,000 30-day billing cycle Billing date Previous balance Payment Charge: Home Depot Payment 9/16 9/19 9/30 10/3 $ 50 CE 1,000 50 r. 10/7 Cash advance 60 . Finance charge is 1% on average daily balance. Average daily balance Finance charge If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct...
Register Date Transactions Unpaid Balance April 10 1389.21 April 11 April 12 April 13 April 14 April 15 April 16 April 17 April 18 April 19 April 20 April 21 April 22 April 23 April 24 April 25 April 26 April 27 April 28 April 29 April 30 May 1 May 2 May 3 May 4 May 5 May 6 May 7 May 8 May 9 Perform the following tasks (continued): Enter your answers in this column. At the end...
Find the new balance for the area with the question mark. Use your calculator if you like. 200 TTI QUESTION Find the new balance for the area with the question mark. Use your calculator if you like. QUESTION 10 2 points Save Answ Manisha used her credit card to buy school books for $400. Later, she returned one book for $50. Manisha had a previous balance of $70. When Manisha got her new monthly statement, it showed a payment of...
Cody Lind’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Cody’s average daily balance, finance charge and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date $1,090 previous balance 9/7 Payment $300 cr. 9/13 Charge: Kohl’s $450 9/17 Payment $300 cr. 9/28 Charge: WalMart 105 Average daily balance $ Finance charge $ New balance $
Cody Lind’s most recent credit card statement follows. His finance charge is 15% APR. Calculate Cody’s average daily balance, finance charge and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date $1,240 previous balance 9/7 Payment $600 cr. 9/13 Charge: Kohl’s $600 9/17 Payment $450 cr. 9/28 Charge: WalMart 180 Average daily balance $ Finance charge $ New balance
Cody Lind’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Cody’s average daily balance, finance charge and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date $1,130 previous balance 9/7 Payment $380 cr. 9/13 Charge: Kohl’s $390 9/17 Payment $340 cr. 9/28 Charge: WalMart 125 Find... 1. Average daily balance: $ 2. Finance charge: $ 3. New balance: $
Question 2 1 pts Eden Valley Patio Furniture has the following credit terms: "The finance charge, if any, is based on the previous balance before payments or credits are deducted. The rates are 1.5% per month up to $1,000 and 1.25% per month on amounts in excess of $1,000. These are annual percentage rates of 18% and 15%, respectively. There is no finance charge if the full amount of the new balance is paid within 30 days after the cycle...
Dallas Pierce's most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas's average daily balance finance charge, and new balance. (Round your final answers to the nearest cent.) 9/2 9/7 9/13 9/17 9/28 30-day billing cycle Billing date $1,200 previous balance Payment $ 100 cr. Charge: kohl's $ 350 Payment $ 200 cm Charge: Walmart s se Answer is complete but not entirely correct. Average daily balance Finance charge New balance $ $ $ 1.248 33®...