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Calculate (A) the average daily balance and (B) the finance charge, if finance charge is 2% on ...

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Calculate (A) the average daily balance and (B) the finance charge, if finance charge is 2% on ...

Calculate (A) the average daily balance and (B) the finance charge, if finance charge is 2% on average daily balance.

Note: Round your answers to the nearest cent.

29 Day Billing Cycle

11/20	Previous Balance	$ 1,000
11/27	Payment	$ 200
11/30	Charge	$ 150
12/9	Payment	$ 250
12/14	Cash Advance	$ 400

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 75 times

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