Dallas Pierce’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas’s average daily balance, finance charge, and new balance. (Round your final answers to the...


Dallas Pierce’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas’s average daily balance, finance charge, and new balance.(Round your final answers to the nearest cent.)











































30-day billing cycle
9/2Billing date$1,090previous balance
9/7Payment$300cr.
9/13Charge: Kohl’s$450
9/17Payment$300cr.
9/28Charge: WalMart105































Average daily balance
Finance charge
New balance





NOTE: If you come up with an average daily balance of $997.5 that is an incorrect answer. Please review your answers beforehand, because time is of the essence. Thank you in advance!



Jun 02, 2022
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