# ALGEBRA

posted by MONICA

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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