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Business, 07.03.2020 02:42 bear342

USE THIS INFORMATION FOR THE NEXT THREE QUESTIONS. On Jan. 1st Sally buys a computer with her credit card for $500. This transaction posts to her credit card account on Jan. 3rd. On Jan. 31st, Sally's monthly credit card cycle closes (with this being the only purchase) and she receives her bill in the mail on Feb. 5th. She is required to pay her bill by Feb. 25th. She mails her $500 check on Feb. 23rd, it is received by the credit card company on Feb. 24th and the money is withdrawn from her account on Feb. 27th. What is Sally's "credit card float" on this transaction

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