Business, 19.02.2020 00:01 Clerry

On October 1st Joe charged $900 to his credit card, on October 10th he charged another $1,300 to his credit card, and on October 15th he charged an additional $100. His credit card charges him an Annual Percentage Rate (APR) of 18% compounded monthly. Using the Average Daily Balance Method calculate Joe's finance charge for the month of October.

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On October 1st Joe charged $900 to his credit card, on October 10th he charged another $1,300 to his...

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