Use the credit card statement and a blank credit card calendar. a. What is the total of
Question:
a. What is the total of all of the purchases made this billing cycle?
b. What is the amount of total payments?
c. What is sum of the daily balances? d. What is the average daily balance?
e. What is the monthly periodic rate?
f. What is the finance charge?
g. What is the new balance?
h. What is the available credit?
Transcribed Image Text:
ACCOUNT INFORMATION Account Number TRANSACTIONS 3-22767195 Billing Date 5 May Payment Due 18 May APR 124576893 Macys 5AP 762838471 Becford Auto Body Shop 19 APR 3091 75832 Barnes and Noble Books 27 APR 100445838 Payment 30 APR876655411 FedEx $876.00 721.80 $93.15 $1.340.00 $115.75 $45095 Minimum MAY998430828 TiketMaster e Finance New Charge Previous Payments Now Late SUMMARY Balancerets Pcss Charo 7.00 1.34000 $205755 0.00 Balanco $115.00 Total Credit Line Total Available Credit Average Days n Biling Monthly Periodic Rate $3,000.00 Daily Balance APR Cydo 30 19.8% 1 6556
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a 676 72180 9315 11575 45095 205765 b 134000 c 1 97800 97800 8 165400 13...View the full answer
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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