If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Lizzie is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 6% APR and the following transactions? (Round your answer to the nearest cent.) 31-day billing cycle 10/1      Previous balance        $ 1,170  10/3      Credit       $ 73 cr.      10/12      Charge: King Soopers    154           10/15      Payment      370 cr.     10/25      Charge: Delta      327           10/30      Charge: Holiday Fun    67               Amount owed    $

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter7: Credit Cards And Consumer Loans
Section: Chapter Questions
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8.    If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Lizzie is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 6% APR and the following transactions? (Round your answer to the nearest cent.)

31-day billing cycle
10/1      Previous balance        $ 1,170 
10/3      Credit       $ 73 cr.     
10/12      Charge: King Soopers    154          
10/15      Payment      370 cr.    
10/25      Charge: Delta      327          
10/30      Charge: Holiday Fun    67          

 

  Amount owed    $   

 

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