Calculate the finance charge for a credit card that has the given average daily balance and interest rate. (Round your answer to the nearest cent.) Average daily balance: $116.44; monthly interest rate: 1.15%
Calculate the finance charge for a credit card that has the given average daily balance and interest rate. (Round your answer to the nearest cent.) Average daily balance: $116.44; monthly interest rate: 1.15%
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter6: Using Credit
Section: Chapter Questions
Problem 8FPE
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Calculate the finance charge for a credit card that has the given average daily balance and interest rate. (Round your answer to the nearest cent.)
Average daily balance: $116.44; monthly interest rate: 1.15%
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