Lauren did not pay her January FlashCard bill in full, so her February bill has a finance

Question:

Lauren did not pay her January FlashCard bill in full, so her February bill has a finance charge added on. The average daily balance is $510.44, and the monthly periodic rate is 1.3%. What should Lauren’s finance charge be on her February statement?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: