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Calculate (A) the average daily balance and (B) the finance charge, if finance charge is 1% on the ...

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Calculate (A) the average daily balance and (B) the finance charge, if finance charge is 1% on the ...

Calculate (A) the average daily balance and (B) the finance charge, if finance charge is 1% on the average daily balance.

Note: Round your answers to the nearest cent.

30 Day Billing Cycle

4/20	Previous Balance	$ 800
4/27	Payment	$ 100
4/30	Charge	$ 300
5/9	Payment	$ 50
5/12	Cash Advance	$ 200

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 19 times

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momoluv25 Author

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this is exactly what I needed

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Thanks for your help!!

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Just got PERFECT on my quiz

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