# math

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, previous balance method

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1. \$3,000 balance, 21% rate, \$1,500 payment, average daily balance method

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2. 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, average daily balance method

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3. 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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4. 7.67

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5. 7.67 is for the \$500 balance, 20% rate, \$50 payment, average daily balance method

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6. this site is a piece of trash

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7. Calculate the monthly finance charge for the 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 answers to the nearest cent.)
\$200 balance, 14%, \$50 payment
(a) previous balance method

(b) adjusted balance method

(c) average daily balance method
\$

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