November 28, 2015

Homework Help: Math

Posted by Anonymous on Tuesday, March 13, 2012 at 8:19pm.

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

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