Assume no purchases or returns are made in the exercise given below.At the beginning of a 31-day billing period, Sandra Lazzaro has an unpaid balance of

$790

on her credit card. Three days before the end of the billing period, she pays

$600.

Find her finance charge at

2.7%

per month using the average daily balance method.

Answer rating: 100% (QA)

To calculate the finance charge using the average daily balance method we need to determine ... View the full answer