- 567 32 Find The Average Daily Balance For The Given Credit Card Account Assume The Billing Date Is The Same Day In Eac 1 (21 KiB) Viewed 33 times
Help please im stuck!
$567.32 Find the average daily balance for the given credit card account. Assume the billing date is the same day in each month, and use the number of days in each month. Then find the finance charge if interest is 1.5% per month on the average daily balance. Finally, find the balance at the end of the billing cycle. Previous Balance Feb. 10 Billing Date Feb. 16 Return CR Feb. 18 Purchase Feb. 27 Purchase Mar. 4 Payment CR $ 45.56 $ 45.76 $ 84,43 $145 The average daily balance is $ (Round to the nearest cent as needed.) The finance charge is $ (Round to the nearest cent as needed) The new balance is $ (Round to the nearest cent as needed.)