Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long.

$400 balance, 14%, $100 payment, previous balance method

Please round the answer to the nearest cent.

$__________

Question

Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long.
​
$400 balance, 14%, $100 payment, previous balance method
​
Please round the answer to the nearest cent.
​
$__________

Quizplus · Accepted Answer

The Answer of Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long.
​
$400 balance, 14%, $100 payment, previous balance method
​
Please round the answer to the nearest cent.
​
$__________

Calculate the Monthly Finance Charge for the Credit Card Transaction