B. The credit card statement of Gloria Herrera for January listed
these items: 1/1, previous b...
Mathematics, 13.03.2020 20:11 gatorgirl10152
B. The credit card statement of Gloria Herrera for January listed
these items: 1/1, previous balance, $89.27; 1/5, purchase,
$159.34; 1/9, purchase, $108.45; 1/24, payment, $150; and
1/28, fee, $25. The card company uses the average daily
balance method including new purchases and a daily periodic
rate of 0.000575. What is Gloria’s finance charge for January
and what is her new balance?
Answers: 3
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