Calculating credit card finance charge. Blake Miller recently received his monthly MasterCard bill for the period June

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Calculating credit card finance charge. Blake Miller recently received his monthly MasterCard bill for the period June 1–30, 2021, and wants to verify the monthly finance charge calculation, which is assessed at a rate of 15 percent per year and based on ADBs, including new purchases. His outstanding balance, purchases, and payments are as follows:

What are his ADB and finance charges for the period?

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Personal Financial Planning

ISBN: 9780357438480

15th Edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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