Question: Yogis Construction has a $ 1 0 0 , 0 0 0 line of credit at the Jellystone Bank. The annual percentage rate is the
Yogis Construction has a $ line of credit at the Jellystone Bank. The annual percentage rate is the current prime rate plus The balance on October was $ On October Yogi borrowed $ to pay for a shipment of lumber and on October he borrowed another $ for equipment repairs. On October Yogi made a $ payment on the account. The billing cycle for October has days. The current prime rate is Hint: Use the average daily method to determine the finance Charge!
aWhat is the finance charge on the account?
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