Beginning balance = $595
Purchases on November 5 = $80
Purchases on November 15 = $95
Purchases on November 30 = $55
Payment made on November 30 = $250
Unpaid balance on November 30= Beginning balance+ Purchases on November 5 + Purchases on November 15 + Purchases on November 30 - Payment made on November 30
= 595+80+95+55-250
= $575
Kindly comment if you need further assistance.
Thanks‼!
Nancy is reviewing her November credit card statement. Her beginning balance was $595 and she made...
Nancy is reviewing her November credit card statement. Her beginning balance was $615 and she made a $250 payment on November 10. She made purchases of $80 on November 5, $100 on Novemeber 15, and $40 on November 30. Her APR is 14% and the interest was charged using the average daily balance method, including current purchases, which considers the day of a charge or credit.
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balance
2. Calculate interest in November
3. What was the unpaid balance for November after interest is
charged?
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calculate the finance charge and the new balance for the month of
November.
5. The new balance for the month of November would be
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