Ahmad owes 5382. 45 on his Visa account. He returns two items costing $25.10 and $34. 50
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Question:
Ahmad owes 5382. 45 on his Visa account. He returns two items costing $25.10 and $34. 50 for credit. Then he makes purchases of $45. 00 and $98.17.
(a) How much should his payment be if he wants to pay off the balance on the account?
(b) Instead of paying off the balance, he makes a payment of $300 and then incurs a finance charge of 524.66. What is the balance on his account?
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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