Question: End-of-Chapter Problems Chapter 06 gnment: Billingsley End-of-Chapter Problems Chapter 06 Score 6666% of 3 Check My Work (i remaining) Financial Planning Exercise 8 credit card

End-of-Chapter Problems Chapter 06 gnment: Billingsley End-of-Chapter Problems Chapter 06 Score

End-of-Chapter Problems Chapter 06 gnment: Billingsley End-of-Chapter Problems Chapter 06 Score 6666% of 3 Check My Work (i remaining) Financial Planning Exercise 8 credit card interest Ryan Gray, a student at State College, has a balance of $200 on his retail charge card; if the store levies a finance charge of 20 percent per year, how much monthly interest will be added to his account? Assume that the balance is computed by the average daily balance method. Round the answer to 2 decimal places. Check My Work (1 remaining) 3

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