By onlyinvesting.info
Jul 2, 2018
#account balance #average daily balance #billing #credit card #finance #how to #interest #math #mathematics #monthly finance charge
For the credit card account above, assume one month between billing dates (with the appropriate number of days) and interest of 1.5% per month on the average daily balance. Find:
A. The average daily balance.
B. The monthly finance charge.
C. The account balance for the next billing.
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This is amazing. Thank you for being so intricate with the process. I appreciate it.
how did he/she get 8 on the duration portion of this??