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)

Barbara has a good credit history and is able to purchase a car with a low-interest car loan. she co-signs a car loan for her friend jen, who has poor credit history. then, jen defaults on the loan. who will be held legally responsible by the finance company and why? select the best answer from the choices provided. a. barbara will be held legally responsible because she has a good credit history. b. jen will be held legally responsible because she drives the car. c. barbara will be held legally responsible because she is the co-signer. d. jen will be held legally responsible because she has a poor credit history. the answer is a