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rolpace88 rolpace88
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9 years ago
The unpaid balance in an account on November 1 was $125. A payment of $25 was made on November 9. The interest rate per month was 1.65% per month of the average daily balance. Find the finance charge for the month of November.
A) $1.65
B) $1.77
C) $3.71
D) $1.76
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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#1
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9 years ago
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rolpace88 Author
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#2
9 years ago
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.
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#3
9 years ago
You're welcome. All I ask in return is a thumbs up!
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