Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365...

1 answer below »
Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.)$3,000 balance, 21% rate, $1,500 payment, average daily balance method

Answered Same DayDec 20, 2021

Answer To: Calculate the monthly finance charge for the following credit card transaction. Assume that it takes...

Robert answered on Dec 20 2021
132 Votes
Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.) $3,000 balance, 21% rate, $1,500 payment,...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here