The balance on the Razazadas credit card on May 12, their billing date, was $378 50 For the period ending June 12, they had the following transactions (a) Determine the average daily balance for the billing period (b) Determine the finance charge to be paid on June 12 Assume an interest rate of 1 3...

a Average daily balance 158720731 512 b Finance charge prt 512000 ...

The balance on the Razazadas credit card on May 12, their billing date, was $378.50. For the

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The balance on the Razazadas’ credit card on May 12, their billing date, was $378.50. For the period ending June 12, they had the following transactions.

May 13 May 15 June 1 Charge: Toys $129.79 Payment Charge: Clothing Charge: Housewares 50.00 135.85 June 8 37.63

(a) Determine the average daily balance for the billing period.

(b) Determine the finance charge to be paid on June 12. Assume an interest rate of 1.3% per month.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 28, 2019 07:53 AM

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The balance on the Razazadas credit card on May 12, their billing date, was $378.50. For the

Question:

May 13 May 15 June 1 Charge: Toys $129.79 Payment Charge: Clothing Charge: Housewares 50.00 135.85 June 8 37.63

Step by Step Answer:

a Average daily balance 158720731 512 b Finance charge prt 512000...View the full answer

A Survey of Mathematics with Applications

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