Posted by **MONICA** on Wednesday, November 23, 2011 at 2:54pm.

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

I need help you can even give different numbers if you would like to. I just need to know the Examples

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