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Home Q & A Board Science-Related Homework Help Mathematics
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Tneary Tneary
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Posts: 463
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4 years ago
A credit card has a monthly rate of 1.58% and uses the average daily balance method for calculating interest. Here are some of the details in the June 1-June 30 itemized billing:
   June 1 Unpaid Balance: $450.77
   Payment Received June 7: $135
   Purchases Charged to the Account: $257.76
   Average Daily Balance: $342.77
   Last Day of the Billing Period: June 30
   Payment Due Date: July 9

a. Find the interest due on the payment due date.
b. Find the total balance owed on the last day of the billing period.
c. Minimum payment terms are shown below. What is the minimum payment due by July 9?

   


▸ a. $5.49
b. $658.54
3. $57.90

▸ a. $5.42
b. $578.95
c. $57.90

▸ a. $5.24
b. $321.01
c. $20.00

▸ a. $5.49
b. $315.77
c. $20.00
Textbook 
Thinking Mathematically

Thinking Mathematically


Edition: 6th
Author:
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GparkerGparker
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4 years ago
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Tneary Author
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4 years ago
this is exactly what I needed
Roselalo
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Yesterday
Correct Slight Smile TY
derya1234
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2 hours ago
Good timing, thanks!
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