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April 16, 2014

Homework Help: Math Homework

Posted by JONATHAN on Sunday, November 6, 2011 at 8:38pm.

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.)
$3,000 balance, 21% rate, $150 payment, average daily balance method

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