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November 27, 2014

Homework Help: math

Posted by Anonymous on Wednesday, December 19, 2012 at 12:10pm.

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, $400 payment, adjusted balance method

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