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pts Jerrod Dean starts the month with a balance on his credit card of $1,110. On the 10th day of the month, he purchases $210in clothes with his credit card. On the 15th day of the month he makes a payment on his credit card of $250. The bank charges 1.5 percent interest per month using the adjusted balance method (and excludes new purchases). What would Jerrod's finance charges be for the month?$9.90$11.40$8.40$12.90

pts Jerrod Dean starts the month with a balance on his credit card of $1,110. On the 10th day of the month, he purchases $210in clothes with his credit card. On the 15th day of the month he makes a payment on his credit card of $250. The bank charges 1.5 percent interest per month using the adjusted balance method (and excludes new purchases). What would Jerrod's finance charges be for the month?$9.90$11.40$8.40$12.90

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter6: Using Credit
Section: Chapter Questions
Problem 9FPE
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pts Jerrod Dean starts the month with a balance on his credit card of $1,110. On the 10th day of the month, he purchases $210in clothes with his credit card. On the 15th day of the month he makes a payment on his credit card of $250. The bank charges 1.5 percent interest per month using the adjusted balance method (and excludes new purchases). What would Jerrod's finance charges be for the month?$9.90$11.40$8.40$12.90 

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