Posted by apryl on .
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 
Anonymous,
$3,000 balance, 21% rate, $1,500 payment, average daily balance method

math 
DEE,
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 
Anonymous,
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 
Brian,
7.67

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

math 
jiskha,
this site is a piece of trash

math 
NJ,
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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