Question: The activity on Denise Hellings' Sears account for one billing period is shown below. Find the average daily balance and the finance charge if the

 The activity on Denise Hellings' Sears account for one billing period

The activity on Denise Hellings' Sears account for one billing period is shown below. Find the average daily balance and the finance charge if the billing period is March 1 through March 31, the previous balance was $158.91, and the annual simple interest rate is 21%.(Round your answers to the nearest cent.)
March 5 payment $45.00
March 17 tools $38.78
average daily balance $
finance charge
$
is shown below. Find the average daily balance and the finance charge

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!