Find the finance charge for the following revolving charge account. Assume that interest is calculated on the average daily balance of the account.
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A) $229.78
B) $21.21
C) $22.98
D) $24.75
Correct Answer:
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Q66: Solve the problem.
-The Habers purchase a $7000
Q67: Solve the problem. Q68: Solve the problem. Q69: Use the loan payoff table to find Q70: Find the approximate annual percentage rate using Q72: Solve the problem. Q73: Solve the problem. Use the approximate APR Q74: Find the payment necessary to amortize the Q75: Solve the problem. Use the approximate APR Q76: Using the Rule of 78, find the![]()
-The March 1 unpaid balance
-The Best Company ordered $8327
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