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The average daily balance is equal to the sum of daily balances:

mombefor78

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6 months ago

The average daily balance is equal to the sum of daily balances:

▸

Plus number of days in billing cycle

▸

Minus number of days in billing cycle

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Divided by number of days in billing cycle

▸

Multiplied by number of days in billing cycle

▸

None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 31 times

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linakhalaf

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6 months ago

More solutions for this book are available here

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mombefor78 Author

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Brilliant ツ

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Thanks for your help!!

Evolution

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Just got PERFECT on my quiz

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