Mathematics, 13.12.2020 23:50, jforeman42
(Hi! I figure out how to calculate the finance charge. If anyone could do a step by step that would be very helpful!!)
Maya’s credit card has an APR of 11.84% and a billing cycle of 30 days. The table below shows her transactions with that credit card in the month of September.
(There is supposed to be a table here so I did the best I could to make it accurate to original. )
Date Amount($) Transaction
9/1 395.61 Beginning balance
9/8 24.13 Purchase
9/13 68.57 Payment
9/26 31.77 Purchase
Find Maya’s finance charge for September using the previous balance method, the adjusted balance method, and the daily balance method.
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