Mathematics, 07.10.2019 21:30 anthonylund311
Calvin’s credit card computes finance charges using the daily balance method. his card has a billing cycle of 30 days and an apr of 14.75%. the following table details calvin’s transactions in the month of september.
date
amount ($)
transaction
9/1
716.54
beginning balance
9/7
84.94
purchase
9/12
15.69
purchase
9/20
200.00
payment
what will calvin’s starting balance be next month?
a.
$617.17
b.
$624.74
c.
$625.91
d.
$623.52
Answers: 1
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Calvin’s credit card computes finance charges using the daily balance method. his card has a billing...
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