For the credit card account below compute the average daily balance the finance charge and the account balance for the next

Question

For the credit card account below compute the average daily balance the finance charge and the account balance for the next billing Assume the billing cycle begins on the same date each month and that the interest rate is 21 5 per month Previous Balance plus Interest 1082 April 1 First Day of the Billing Cycle April 9 Jewelry Purchase April 16 Returns April 21 April 22 April 24 Payment Average Daily Balance Pay for Repairs Online Purchase 1082 106 66 89 53 56 Monthly Finance Charge Account Balance for the start of the Next Billing Cycle

Kunduz · Accepted Answer

Click to see the answer