What is the minimum amount that can be paid? ACCOUNT INFORMATION Account Number TRANSACTIONS 9 MAY 12
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What is the minimum amount that can be paid?
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ACCOUNT INFORMATION Account Number TRANSACTIONS 9 MAY 12 MAY 15 MAY 18 MAY 21 MAY SUMMARY 3291684271 Fanelli Furs 594683219 Brooklyn Pets 7677095385 Maple Garage 8765713281 PAYMENT 321447162 Previous Balance $420.50 4-10700000 Total Credit Line Total Available Credit Caruso's Restaurant Payments / Credits -$150.00 New Purchases. $1,227.24 $ 3,000.00 $ 1,661.51 Billing Date Late Charge $0.00 Average Daily Balance $1,199.97 30 May Payment Due Finance Charge $19.80 # Days in Billing Cycle 30 8 Jun DEBITS/CREDITS (-) New Balance $1,517.54 APR 19.8% $975.00 $32.50 $178.21 -$150.00 $41.53 Minimum Payment $30.00 Monthly Periodic Rate 1.65%
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ANSWER Based on the provided information the minimum payment that can be made is 3000 ...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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