Vincent had these daily balances on his credit card for his last billing period. He did not
Question:
Nine days @ $778.12
Eight days @ $1,876.00
Four days @ $2,112.50
Ten days @ $1,544.31
a. What is the average daily balance?
b. What is the finance charge?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
a 148078 b 192 12 16 ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Question Posted:
Students also viewed these Linear Algebra questions
-
Jake had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 18.6%. Two days @...
-
Naoko has these daily balances on his credit card for September's billing period. He paid his balance from the August billing in full. Two days @ $99.78 Fifteen days @ $315.64 Eleven days @ $515.64...
-
On June 1, the billing date, Tim had a balance due of $485.75 on his credit card. Tims transactions during the month of June were (a) Determine the finance charge on July 1 by using the previous...
-
Use the same information as in question 4, except that Hughes has a debit balance of $5,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. In this...
-
Osborn, Inc., produces cell phone equipment. Amanda Westerly, Osborns president, decided to devote more resources to the improvement of product quality after learning that her company had been ranked...
-
Gate ABC in Fig. P2.79 is 1-msquare and hinged at B. It opens automatically when the water level is high enough. Neglecting atmospheric pressure, determine the lowest level h for which the gate will...
-
A healthcare home-care firm has a profit margin of 15 percent on visiting nurse sales of $\$ 20,000,000$. If the firm has debt of $\$ 7,500,000$, total assets of $\$ 22,500,000$, and an after-tax...
-
Bill rides the subway at a cost of 75 cents per trip, but would switch if the price were any higher. His only alternative is a bus that takes five minutes longer, but costs only 50 cents. He makes 10...
-
A clear plastic paperweight with an unknown index of refraction rests on your desk as shown in the figure. A ray of light enters the top of the paper weight with a 65.0 angle of incidence a undergoes...
-
The shaft shown in the figure is proposed for the application defined in Prob. 373, p. 138. The material is AISI 1018 cold-drawn steel. The gears seat against the shoulders, and have hubs with...
-
Felix and Oscar applied for the same credit card from the same bank. The bank checked both of their FICO scores. Felix had an excellent credit rating, and Oscar had a poor credit rating. a. Felix was...
-
Express the average daily balance algebraically given this set of daily balances. x days @ y dollars w days @ d dollars r days @ q dollars m days @ p dollars
-
Jarrod receives a scholarship of $18,500 from Riggers University to be used to pursue a bachelor's degree. He spends $12,000 on tuition, $1,500 on books and supplies, $4,000 for room and board, and...
-
What is revenue/inflow? Name the revenue for your personal household. What is expense/outflow? Name an expense for your personal household. What can you do if you are not making enough money to cover...
-
Luke has decided to invest in mutual funds within a registered retirement savings plan (RRSP). The mutual fund he wants to invest in has a net asset value per unit (NA VPU) of $12.00 with a 5%...
-
Fink Corp. will pay a $2.40 dividend in the next 12 months. The required rate of return is 13% and the constant growth rate is 5%. Address the following: 1. What is the stock price? 2. If the...
-
Pursuant to REIT Act of 2009, what item refers to the instruments or investment that are highly liquid and marketable and are considered good as cash as determined in a accordance with the rules and...
-
Elle was 65 as of January 1st 2022. Her RRIF was established in 2020. On January 1, 2022, Elle's RRIF contained assets valued at $210,000, however, due to market fluctuations - her portfolio was...
-
Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Walmart Inc. (WMT) is the largest retailer in the United States. Amazon and Walmart compete in similar markets; however,...
-
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
-
Determine the slope, if it exists, and the y-intercept of the line with the given equation. (a) f(x) = - 1/g x + 12 (b) y = -6 (c) x = 2
-
Explain as you would to a fellow student how the numerical value of the slope of a line can be used to describe the slant and the steepness of that line.
-
Explain how you could find the coordinates of a point 78 of the way from point A to point B.
-
Create a segmentation, selection and focus model that allows the PUMA company in Mexico to determine its customer, where to find it and how to generate value given its model. 7) Selection of the most...
-
Determine if the following values are zeroes polynomial. 4 3 f(x) = x + x-18x - 16x + 32 x+1, +2, +4 -
-
Cali Windows is a small company that installs windows. Its cost structure is as follows: (Click the icon to view the cost structure.) Calculate (a) the breakeven point in units and revenues and (b)...
Study smarter with the SolutionInn App