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Mathematics, 04.11.2020 20:20 edwinn55526

The balance on a credit card, that charges a 20% APR interest rate, over a 1 month period is given in the following table: Days 1-5: $200 (initial balance)

Days 6-20: $350 ( $150 Purchase)

Days 21-30: 150 ($200 payment)

What is the Finance charge, on the average daily balance for this card over this 1 month period?

Finance charge = $ __

(Round to the nearest hundredth)

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Answers: 1

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The balance on a credit card, that charges a 20% APR interest rate, over a 1 month period is given i...

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