math
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

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

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 
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 
7.67

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

this site is a piece of trash

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
$
Need Help? Read It Chat About It