For the credit card account, assume one month between billing dates and interest of 1.6% per month on the daily average balance.   Find (a) the average daily balance, (b) the monthly finance charge, and (c) the account balance for the next billing.   Previous balance: $562   November 4 Billing date   November 15 Payment $400   November 18 Groceries $350   November 20 Train card $190   December 1 Holiday shopping $320

Credit card bills Assume you open a credit card at the beginning of the year January 1 with an open in balance of zero the annual interest rate on the card is 18% and your bill is due each month starting in January the following charges and credits occur on your account :    Jan 5 -$ 45 gas charge  Jan 9 - $115 clothes charge  Jan 13 - groceries charge  $85  Jan 14 - clothes CREDIT (return) $65 Jan 18 - lunch charge $11  Jan 25-$32 gas charge  Jan 27- $127 boots charge  Jan 29- $200 payment or credit  feb 2- $38 gas charge  feb 6- $58 groceries charge  feb 9- $199 car insurance charge  feb 14- $75 credit or payment  feb 17- $28 gas charge  feb 22 - $6 lunch charge  feb 23- $35 dinner and movie charge  feb 26- $78 groceries charge  feb 28- $150 payment or credit   Compare what your finance charge will be for the month of March using the average daily balance method in the unpaid balance method assume the year is not a leap year also assume the only things you charged and paid our listed…

Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month June July Need Help? Previous Month's Balance (in $) $693.96 Submit Answer $822.08 Read It tA Finance Charge (in $) $18.50 X Purchases and Cash Advances $153.38 $76.59 Payments and Credits $300.00 $120.00 New Balance End of Month (in $) $693.96 X

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