Question: If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount
If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 9% APR and the following transactions? (Round your answer to the nearest cent.) $1,101 31-day billing cycle 10/1 Previous balance 10/3 Credit $62 CE. 10/12 Charger King Soopers 5165 10/15 Payment $480 cr. 10/25 Charger Delta 330 10/30 Charger Holiday Tun 378 Amount owed
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
