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. Round your answer to the nearest cent. $\begin{array}{l}
\text { cellpadding="0" cellspacing="0" width=" } 52 \% \text { " border="0" }\\
\text { Balance Rate Payment Method }\
\$ 4,000\quad 23 \% \quad \$ 150 \quad \begin{array} { l }
\text { Average daily } \
\text { balance }
\end{array}
\end{array}$
A) $76.67
B) $73.06
C) $74.52
D) $73.79
E) $71.60

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. Round your answer to the nearest cent. $\begin{array}{l}
\text { cellpadding="0" cellspacing="0" width=" } 52 \% \text { " border="0"> }\\
\text { Balance Rate Payment Method }\
\$ 4,000\quad 23 \% \quad \$ 150 \quad \begin{array} { l } 
\text { Average daily } \
\text { balance }
\end{array}
\end{array}$ 
A) $76.67
B) $73.06
C) $74.52
D) $73.79
E) $71.60

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. Round your answer to the nearest cent. $\begin{array}{l}
\text { cellpadding="0" cellspacing="0" width=" } 52 \% \text { " border="0"> }\\
\text { Balance Rate Payment Method }\
\$ 4,000\quad 23 \% \quad \$ 150 \quad \begin{array} { l } 
\text { Average daily } \
\text { balance }
\end{array}
\end{array}$ 
A) $76.67
B) $73.06
C) $74.52
D) $73.79
E) $71.60

Calculate the Monthly Finance Charge for the Credit Card Transaction