Mathematics
Mathematics, 22.01.2022 08:00, Jennifer16253

Gregory has a credit card with a 30-day billing cycle and an APR of 11. 95%. The following table shows Gregory’s credit card transactions for the month of April. Date Amount ($) Transaction 4/1 622. 82 Beginning balance 4/4 45. 45 Payment 4/10 78. 91 Purchase 4/25 16. 36 Purchase Between the adjusted balance method and the daily balance method, which method of computing Gregory’s April finance charge will result in a greater finance charge, and how much greater will it be? a. The daily balance method will have a finance charge $0. 09 greater than the adjusted balance method. B. The daily balance method will have a finance charge $0. 54 greater than the adjusted balance method. C. The adjusted balance method will have a finance charge $1. 40 greater than the daily balance method. D. The adjusted balance method will have a finance charge $0. 86 greater than the daily balance method. Please select the best answer from the choices provided A B C D.

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Gregory has a credit card with a 30-day billing cycle and an APR of 11. 95%. The following table sho...

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