Mathematics, 20.02.2020 20:29, fryday3111

Calculate the average daily balance, finance charge, and new balance using the average daily balance method
Monthly rate=175%
Payments Purchases
Balance
Date
9/1-9/5
$387.52
Number of Days Product/Sum
$1.937 60
$337.52
9/6
$50.00
$337.52
9/7 - 9/18
9/19
$62.66
$400.18
$400.18
9/20 - 9/30
Total
The average daily balance
- 30-S
Finance charge = monthly rate x average daily balance = $
New balance = previous balance - payment/credits + finance charge +new purchases = $

Answers: 3

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Calculate the average daily balance, finance charge, and new balance using the average daily balance...