On January 1 the previous balance for Lynn's charge account was $569.80. On the following days, purchases

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On January 1 the previous balance for Lynn's charge account was $569.80. On the following days, purchases were posted:

On January 16 a $50 payment was posted. Using the average daily balance method, find the finance charge and unpaid balance on February 1 if the bank charges interest of 1.5% per month.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:50 AM

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On January 1 the previous balance for Lynn's charge account was $569.80. On the following days, purchases

Question:

January 13 $38.50 Jewelry January 21 S44.56 Clothing

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January 1January 12 1256980 683760 56980 3850 60830 January 13January 1...View the full answer

Business Math

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