Mathematics, 26.04.2021 03:40 santoskasey
Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 2.9%. The itemized billing for the month of April is shown below. Detail Date Unpaid balance April 1 Charge April 3 Charge April 11 Charge April 15 Payment received April 28 Last day of billing period April 30 Payment due date May 7 Amount $380 $890 $950 $1130 $860 (a) Find the average daily balance. $ (b) Find the interest due for this month. $ (c) Find the total balance owed on the last day of the billing period. $ (d) This credit card requires a $20 minimum payment or 1/36 of the amount due, whichever is higher. What is the minimum monthly payment due for this month? $
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Suppose your VISA card calculates interest using the average daily balance method, and the monthly i...
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