Asked by apryl

Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.)
$3,000 balance, 21% rate, $1,500 payment, previous balance method
Answered by Anonymous
$3,000 balance, 21% rate, $1,500 payment, average daily balance method
Answered by DEE
Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.)
$3,000 balance, 21% rate, $1,500 payment, average daily balance method
Answered by Anonymous
Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. (Round your answer to the nearest cent.)
$500 balance, 20% rate, $50 payment, previous balance method
Answered by Brian
7.67
Answered by Brian
7.67 is for the $500 balance, 20% rate, $50 payment, average daily balance method
Answered by jiskha
this site is a piece of trash
Answered by NJ
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.)
$200 balance, 14%, $50 payment
(a) previous balance method
$ Incorrect: Your answer is incorrect.

(b) adjusted balance method
$ Incorrect: Your answer is incorrect.

(c) average daily balance method
$

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