Homework Answers
| Average daily balance | 509.62 | ||
Workings
| Avg Daily bal | ||||
| From | To | Days | Balance | Days*Balance |
| 6-Sep | 7-Sep | 1 | 566.39 | 566.39 |
| 7-Sep | 24-Sep | 17 | 296.39 | 5038.63 |
| 24-Sep | 27-Sep | 3 | 627.39 | 1882.17 |
| 27-Sep | 1-Oct | 4 | 820.4 | 3281.60 |
| 1-Oct | 6-Oct | 5 | 903.99 | 4519.95 |
| TOTAL | 30 | 15288.74 | ||
| Average daily balance | 509.62 | |||
Add Answer to:
Sept. 7 Payment $270.00 On September 6, the billing date, Vema had a balance due of...
On February 3, the billing date, Carol Ann Bluesky had a balance due of $125.96 on...
On February 3, the billing date, Carol Ann Bluesky had a balance due of $125.96 on her credit card. Her bank charges an interest rate of 1.25% per month and uses the average daily balance method. She made the transactions described in the table during the month a) Find Carol Ann's average daily balance for the billing period from February 3 to March 3 Assume it is not a leap year. b) Find the finance charge to be paid on...
The balance on Ramon Felipe's credit card on January 15, his billing date, was $383.28. For the period ending Febru...
The balance on Ramon Felipe's credit card on January 15, his billing date, was $383.28. For the period ending February 15, 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 15. Assume an interest rate of 1.2% per month c) Find the balance due on February 15 $33.79 January 16 Charge: Restaurant meal January 30 Payment February 3 Charge: $150.00 $30.61...
The balance on Ramon Felipe's credit card on January 14, his billing date, was $288.37. For...
The balance on Ramon Felipe's credit card on January 14, his billing date, was $288.37. For the period ending February 14, 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 14. Assume an interest rate of 12% per month. c) Find the balance due on February 14 January 16 Charge: $37.59 Restaurant meal January 17 Payment February 2 Charge: $180.00 $53.07...
On September 10, a credit card account had a balance of $490. Purchases of $47.32 were...
On September 10, a credit card account had a balance of $490. Purchases of $47.32 were made on September 12, $157.55 was charged on September 20, and $57.73 was charged on September 30. A payment of $175 was made on September 28. The annual interest on the average daily balance is 21.25%. Find the finance charge (in dollars) on the October 10 bill. (Use 365 for the number of days in a year. Round your answer to the nearest cent.)
The credit card with the transactions described in the popup below uses the average daily balance...
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.3% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement a. Find the average daly balance for the billing period. Round to the nearest cont. The average daily balance for the billing period is (Round to the nearest cent as needed.)...
8.8.3 Skill Builder Question Help The credit card with the transactions described in the popup below...
8.8.3 Skill Builder Question Help The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ ....
A credit card bill for $559 was due on September 14. Purchases of $289 were made...
A credit card bill for $559 was due on September 14. Purchases of $289 were made on September 19, and $18 was charged on September 28. A payment of $250 was made on September 25. The annual interest on the average daily balance is 21.5%. Find the finance charge due (in dollars) on the October 14 bill. (Use 365 for the number of days in a year. Enter a number. Round your answer to the nearest cent.)
The credit card with the transactions described in the popup below uses the average daily balance...
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interost rate is 1.6 % of the average daily balance. Calculate parts a d using the statement in the popup Cick the icon to view the credit card statement a. Find the average daily balance for the billing period Round to the nearest cont The average daly balance for the biling period is $ (Round to the nearest...
On August 10, a credit card account had a balance of $375. A purchase of $58...
On August 10, a credit card account had a balance of $375. A purchase of $58 was made on August 15, and $159 was charged on August 27. A payment of $75 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.)
Register Date Transactions Unpaid Balance April 10 1389.21 April 11 April 12 April 13 April 14...
Register
Date
Transactions
Unpaid Balance
April 10
1389.21
April 11
April 12
April 13
April 14
April 15
April 16
April 17
April 18
April 19
April 20
April 21
April 22
April 23
April 24
April 25
April 26
April 27
April 28
April 29
April 30
May 1
May 2
May 3
May 4
May 5
May 6
May 7
May 8
May 9
Perform the following tasks (continued):
Enter your answers in this column.
At the end...
On February 3, the billing date, Carol Ann Bluesky had a balance due of $125.96 on her credit card. Her bank charges an interest rate of 1.25% per month and uses the average daily balance method. She made the transactions described in the table during the month a) Find Carol Ann's average daily balance for the billing period from February 3 to March 3 Assume it is not a leap year. b) Find the finance charge to be paid on...
The balance on Ramon Felipe's credit card on January 15, his billing date, was $383.28. For the period ending February 15, 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 15. Assume an interest rate of 1.2% per month c) Find the balance due on February 15 $33.79 January 16 Charge: Restaurant meal January 30 Payment February 3 Charge: $150.00 $30.61...
The balance on Ramon Felipe's credit card on January 14, his billing date, was $288.37. For the period ending February 14, 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 14. Assume an interest rate of 12% per month. c) Find the balance due on February 14 January 16 Charge: $37.59 Restaurant meal January 17 Payment February 2 Charge: $180.00 $53.07...
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.3% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement a. Find the average daly balance for the billing period. Round to the nearest cont. The average daily balance for the billing period is (Round to the nearest cent as needed.)...
8.8.3 Skill Builder Question Help The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ ....
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interost rate is 1.6 % of the average daily balance. Calculate parts a d using the statement in the popup Cick the icon to view the credit card statement a. Find the average daily balance for the billing period Round to the nearest cont The average daly balance for the biling period is $ (Round to the nearest...
Register
Date
Transactions
Unpaid Balance
April 10
1389.21
April 11
April 12
April 13
April 14
April 15
April 16
April 17
April 18
April 19
April 20
April 21
April 22
April 23
April 24
April 25
April 26
April 27
April 28
April 29
April 30
May 1
May 2
May 3
May 4
May 5
May 6
May 7
May 8
May 9
Perform the following tasks (continued):
Enter your answers in this column.
At the end...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago