3. Calculate the average billing daily balance for each of the monthly statements for the following revolving credit accounte assume a 30-day billing cycle: Billing date Payment amount Charge date(s)...


3. Calculate the average billing daily balance for each of the monthly statements for the following revolving credit accounte<br>assume a 30-day billing cycle:<br>Billing<br>date<br>Payment<br>amount<br>Charge<br>date(s)<br>Charge<br>amount(s)<br>Average<br>daily balance<br>Previous<br>Payment<br>date<br>332.03<br>balance<br>4/29<br>$56<br>$35<br>a. 4/10<br>b. 6/15<br>$329<br>4/25<br>$25<br>6/26<br>6/30<br>$573<br>6/25<br>$60<br>$72<br>$12.50<br>$108<br>c. 9/15<br>$335.50<br>9/20<br>$33.55<br>9/25<br>9/26<br>find the finance charge for each monthly<br>statement (problem 3) if the annual percentage<br>rate is 15%<br>

Extracted text: 3. Calculate the average billing daily balance for each of the monthly statements for the following revolving credit accounte assume a 30-day billing cycle: Billing date Payment amount Charge date(s) Charge amount(s) Average daily balance Previous Payment date 332.03 balance 4/29 $56 $35 a. 4/10 b. 6/15 $329 4/25 $25 6/26 6/30 $573 6/25 $60 $72 $12.50 $108 c. 9/15 $335.50 9/20 $33.55 9/25 9/26 find the finance charge for each monthly statement (problem 3) if the annual percentage rate is 15%

Jun 03, 2022
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