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March 24, 2017

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Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.)
$3,000 balance, 21% rate, $1,500 payment, previous balance method

  • math - ,

    $3,000 balance, 21% rate, $1,500 payment, average daily balance method

  • math - ,

    Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.)
    $3,000 balance, 21% rate, $1,500 payment, average daily balance method

  • math - ,

    Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. (Round your answer to the nearest cent.)
    $500 balance, 20% rate, $50 payment, previous balance method

  • math - ,

    7.67

  • math - ,

    7.67 is for the $500 balance, 20% rate, $50 payment, average daily balance method

  • math - ,

    this site is a piece of trash

  • math - ,

    Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.)
    $200 balance, 14%, $50 payment
    (a) previous balance method
    $ Incorrect: Your answer is incorrect.

    (b) adjusted balance method
    $ Incorrect: Your answer is incorrect.

    (c) average daily balance method
    $

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