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11. Consider the following credit card statement for the period June 1-June 30. The credit card charges 2.2% interest at
Posted: Fri Jul 01, 2022 8:20 am
by answerhappygod
- 11 Consider The Following Credit Card Statement For The Period June 1 June 30 The Credit Card Charges 2 2 Interest At 1 (58.59 KiB) Viewed 30 times
11. Consider the following credit card
statement for the period June 1-June 30. The credit card charges 2.2% interest at the end of the month based on the average daily balance. Calculate the interest charge at the end of the month and the new balance going into the next month. Date June 1 June 3 June 10 AMC Theater (a) Calculate the average daily balance. (5 points) Transaction Previous Balance Payment Amount $289.21 -$95.00 $24.37 Current Balance (c) Calculate the new balance. (3 points) # Days (b) Calculate the finance charge added at the end of the month. (3 points)