A credit card bill due on April 5 showed a balance of $263. The card holder forgot to pay the bill until the 20th of the month, but paid the full amount of $263 at that time. In the mean time, the card was used to make purchases of $138 on the 10th of the month and $74 on the 20th of the month. What was the average daily balance for the billing period?
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- A credit card bill due on April 5 showed a balance of $263. The cardholder forgot to pay the bill until the 20th of the month but paid the full amount of $263 at that time. In the meantime, the card was used to make purchases of $138 on the 10th of the month and $74 on the 20th of the month. What was the average daily balance for the billing period? a. 184.27 b. 36250 c. 95.97 d. 166.07Suppose that you made three purchases using your credit card during the month of January. The first purchase was on January 8th for $490 . The second purchase was on January 19th for $269. The third purchase was on January 24th. If your average daily balance for January was $665, what was the dollar amount of your last purchase? Remember: There are 31 days in January. You made no purchases between January 1st and January 7th. This question is not asking for the card's final January balance. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.a credit card bill due on april 5 showed balance of $263. The card holder forgot to pay the bill until the 20th of the month, but paid the full amount of $263 at that time. In the means time, the card was used to make purchases of $138 on the 10th month and $74 on the 20th of the month. what was the average daily balance for the billing period?
- Suppose that you made three purchases using your credit card during the month of January. The first purchase was on January 8th for $484. The second purchase was on January 19th for $294. The third purchase was on January 24th. If your average daily balance for January was $677, what was the dollar amount of your last purchase? Remember: There are 31 days in January. You made no purchases between January 1st and January 7th. This question is not asking for the card's final January balance. Round your answer to the nearest dollar.The unpaid balance at the start of a 30-day billing cycle was $660.63. No purchases were made during the billing cycle and a payment of $660.63 was credited to the account on day 21. Find the unpaid balance at the end of the billing cycle. Assume that the annual interest rate on a credit card is 19.67% and interest is calculated by the average daily balance method.Nancy is reviewing her November credit card statement. Her beginning balance was $605 and she made a $175 payment on November 10. She made purchases of $100 on November 5, $120 on Novemeber 15, and $45 on November 30. Her APR is 14% and the interest was charged using the average daily balance method, including current purchases, which considers the day of a charge or credit. Answer parts 1 through 5. 1. Find the unpaid balance on November 30 before interest is charged. The unpaid balance before interest is $
- A credit card balance at the beginning of November is $4,000. On Nov. 3 a $300 charge is made. On Nov. 8 a $1000 charge is made. On Nov. 15 a $900 payment is made. On Nov. 17 a $200 charge is made. On Nov. 21 a $800 charge is made. using the average daily balance method, Caculate the interest charged if the account has a 17.5% rate and the billing period is 30 days.A credit card account’s due date is June 9, and the outstanding balance on that day is $460. On that same day, the card holder sends in a payment of $75 and uses the card for a $20 purchase. The card is used again on June 13th and June 24th for purchases of $154 and $54, respectively. If the credit card interest rate on the average daily balance is 2.5% per month, what is the finance charge for the month? Round your answer to the nearest cent.The balance on Ramon Felipe's credit card on January 19, his billing date, was $313.13. For the period ending February 19, Ramon had the following transactions to the right. a) Find the average daily balance for the billing period. b) Find the finance charge to be paid on February 19. Assume an interest rate of 1.2% per month. c) Find the balance due on February 19. a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.) b) The finance charge to be paid on February 19 is $. (Round to the nearest cent as needed.) c) The balance due on February 19 is $. (Round to the nearest cent as needed.) (... January 21 January 25 February 6 February Charge: Restaurant meal Payment Charge: Lawn ornaments 12 Charge: Microwave oven $54.94 $170.00 $57.29 $112.78
- Jim Garcia's monthly credit card statement has a previous balance of $405.67. It shows Jim's $300.00 payment. This month's new purchases were $12.50 and $142.32. The account posted a $45.90 credit and the finance charge was $7.65. What is the new balance?The balance on Ramon Felipe's credit card on January 17,his billing date, was $362.79. For the period ending February 17,Ramon had the following transactions to the right. a) Find the average daily balance for the billing period. b) Find the finance charge to be paid on February 17.Assume an interest rate of 1.2% per month. c) Find the balance due on February17.An unpaid credit card bill for $656.95 had a due date of May 8. Purchases of $365. were made on May 15, $122.78 on May 17, and $59.67 was charged on June 2. A payment of $340. was made on May 25. Find the finance charge due on June 8 if the interest rate on the average daily balance is 1.8%.