Given the credit card statement, assume one month between billing dates using the proper number of...

 

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Given the credit card statement, assume one month between billing dates using the proper number of days in the month for the billing date. Find the Average Daily Balance: Find the finance charge if the interest is 1.8% per month on the average daily balance: Find the new balance: Round to the nearest cent (or 2 decimal places). Do not include dollar sign or commas. Previous Balance $580.45 Day 10 13 95.38 18 61.26 26 45.88 6 Payment 78.81 7 Wayfair.com 138.91 Month November November November November December December Transaction Amount Billing Date QT Gas Target Return Given the credit card statement, assume one month between billing dates using the proper number of days in the month for the billing date. Find the Average Daily Balance: Find the finance charge if the interest is 1.8% per month on the average daily balance: Find the new balance: Round to the nearest cent (or 2 decimal places). Do not include dollar sign or commas. Previous Balance $580.45 Day 10 13 95.38 18 61.26 26 45.88 6 Payment 78.81 7 Wayfair.com 138.91 Month November November November November December December Transaction Amount Billing Date QT Gas Target Return

Answer rating: 100% (QA)

To find the Average Daily Balance we will look at the period between each transaction and calculate how many days the balance remained the same before ... View the full answer