Calculate the interest and new balance on a credit card with an APR of 17.45% using the

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Calculate the interest and new balance on a credit card with an APR of 17.45% using the average daily balance method. Assume that on February 1 the balance was$ 4,578.25, day 8 is credited a payment of $ 185.00, day 14 is charged $ 405.99 and day 25 is they charge $ 136.75. How much will be the minimum payment corresponding to January, if it is 1/36 of the new balance? What amount of the minimum payment corresponds to the principal?

Posted Date: Nov 16, 2021 05:30 AM

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Calculate the interest and new balance on a credit card with an APR of 17.45% using the

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APR 1745 457825 185 1 Feb Balan... View the full answer

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