February 27, 2017

Homework Help: Math

Posted by JC on Sunday, August 5, 2012 at 7:05pm.

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, adjusted balance method

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