Question: Use the balances in a 30 day billing cycle below to answer the question. Assume the interest from preview billing cycle is include in starting
Use the balances in a 30 day billing cycle below to answer the question. Assume the interest from preview billing cycle is include in starting account balance. Starting account balance (Choose a balance between $1,001 and $1, 999): a) First, find the unpaid balance for the. Then find the finance charge for the month if the monthly interest rate is 1.8 % and interest it calculated according to the unpaid balance method. B) First, find the average daily balance for the month. Then find the finance charge for the month if the monthly interest rate is 1.8% and interest is calculated to the average daily balance method. c) What if no payment was made on the 15 day of the billing cycle. Find the unpaid balance and the finance charge for the month if the monthly interest rate is 1.8% and interest is calculated according to the unpaid balance method. When the minimum payment amount b not paid by the due date, a late fee is added in addition to the finance charge. Find the total monthly charge if a $35 late fee is included
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