Credit Card Statement Transaction Description Previous balance, $2653.02 June 1 Billing date June 6 June 8 June 9 June 17 June 27 June 30 Payment Charge: Gas Charge: Groceries Charge: Gas Charge: Groceries Charge: Clothing End of billing period Payment Due Date: July 9 Transaction Amount $1200.00 credit $35.63 $136.82 $41.88 $125.66 $214.35

On august 10, a credit card account had a balance of $345. A purchase of $64 was made on august 15, and $165 was charged on august 27. A payment of $71 was made on august 15. The interest on the average daily balance is 1.35% per month. Find the finance charge on September 10 bill. (Round your answer to two decimal places)

A credit card bill for $657 was due on April 14. Purchases of $155.56 were made on April 19. The amount $24.45 was charged on April 21 and $207.36 was charged on April 28. A payment of $500 was made on April 25. Find the average daily balance (in dollars) if the next due date is May 14. (Round your answer to the nearest cent.) $

On August 10, a credit card account had a balance of $345. A purchase of $52 was made on August 15, and $161 was charged on August 27. A payment of $71 was made on August 15. The interest on the average daily balance is 1.35% per month. Find the finance charge on the September 10 bill. (Round your answer to two decimal places.)

Calculate the missing information on the revolving credit account. Interest is calculated on the unpaid or previous month's balance. PreviousBalance AnnualPercentageRate (APR) MonthlyPeriodicRate(as a %) FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $1,026.61   1.75%   $322.20 $300.00   Step 1 In the credit account statement below, the values of the annual percentage rate (APR), finance charge, and the new balance must be calculated. PreviousBalance AnnualPercentageRate (APR) MonthlyPeriodicRate(as a %) FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $1,026.61   1.75%   $322.20 $300.00   Recall that the annual percentage rate (APR) is tied to the monthly periodic rate by the following formula. monthly periodic rate =  APR 12 By solving this equation for the APR, the known value for the monthly periodic rate can be substituted to calculate the APR. APR = monthly periodic rate ✕ 12 The…

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MN.3.

Find the cash discount and the net price on an invoice for RM580 dated April 17 with terms of 3/10, n/30 if the bill was paid April 26. Draw the “timeline” stated the initial date, the due date, and the day receives cash discount.

Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $120 and the following activity. (Round your answer to the nearest cent.) Date Activity Amount October 3 Cash advance $50.00 October 7 Payment $75.00 October 10 Purchase $26.59 October 16 Credit $10.00 October 25 Purchase $121.60 average daily balance = $

A credit card had a previous balance of P 9 500 on June 10. A purchase of P 5 000 was made on June 15, and a payment of P 2 500 was made on June 23. Find the average daily balance, if the billing date is July 5 and the interest rate is 3.5% per month. Answer: