Business, 01.01.2022 05:50 corriganpelton
Jason’s credit card has an APR of 17. 02% and a 30-day billling cycle. The following table details Jason’s transactions with that card in the month of June. Date Amount ($) Transaction 6/1 746. 28 Beginning balance 6/9 140. 00 Payment 6/15 28. 76 Payment 6/18 69. 49 Purchase Between the adjusted balance method and the daily balance method, which method of computing Jason’s June finance charge will result in a greater finance charge, and how much greater will it be? a. The daily balance method will have a finance charge $1. 02 greater than the adjusted balance method. B. The daily balance method will have a finance charge $0. 03 greater than the adjusted balance method. C. The adjusted balance method will have a finance charge $2. 36 greater than the daily balance method. D. The adjusted balance method will have a finance charge $1. 37 greater than the daily balance method. Please select the best answer from the choices provided A B C D.
Answers: 2
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Jason’s credit card has an APR of 17. 02% and a 30-day billling cycle. The following table details...
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