Please help use this credit card table to answer the
following questions.
directions Use the credit card statement below to answer these questions: 1. What is the date of the statement? 2. What is the Annual Percentage Rate (APR)? 3. What is the corresponding periodic rate? 4. What is the new balance? 5. What was the previous balance? 6. How many charges were made during the billing cycle? 7. How many credits and payments were made during the billing cycle?...
#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...
QUESTION 10 2 points Save Answer 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 $250 and a finance charge of $1.05. What will be the new balance on the statement? Path: p Words O QUESTION 1 2 points Save Answer Terry used his credit card to buy two suitcases. Together they...
`1. With 30 Days in November, what is the average daily
balance
2. Calculate interest in November
3. What was the unpaid balance for November after interest is
charged?
4. If Nancy's account instead used the unpaid balance method,
calculate the finance charge and the new balance for the month of
November.
5. The new balance for the month of November would be
Nancy is reviewing her November credit card statement. Her beginning balance was $610 and she made...
Question 13 6 pts Use the unpaid balance method to find the finance charge on the credit card account given the following information: last month's balance: $700, payment: $480, interest rate: 21%, bought ring: $210, bought theater tickets: $142, returned vase: $128. Round to two decimals. Next → • Previous
Name: Section 10, Credit Cards 1. With a beginning balance of $1200 and no additional charges during the next three months, you will just pay the minimum payment each month for the next three months. The APR is 24.99% and the minimum payment each month is 3% of the balance. Determine the finance charge, new balance, and minimum payment required for each of the next three months, and the starting balance for month 4 in the table below: Month Carry-Over...
Nancy is reviewing her November credit card statement. Her beginning balance was $595 and she made a $250 payment on November 10. She made purchases of $80 on November 5, $95 on Novemeber 15, and $55 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. Answer parts 1 through 5. 1. Find the unpaid balance on November 30 before...
I need the answer to problem 10.
Credit card Payment Write a program to calculate the balance and minimum payment for a credit card statement. See Fig. 5.30. The program should use the event procedure Shown m Fig. 5.31. The finance charge is 1.5% of the old balance. If the new balance is $20 or less, the minimum payment should be the entire new balance. Otherwise, the mini-mum payment should he $20 plus 10% of the amount of the new...
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...
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: $