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.
$$\begin{array} { l }
\text { cellpadding="0" cellspacing="0" width } = " 56 \% \text { " border="0" } \
\text { Balance Rate Payment Method } \
\$ 6,000 \quad 25 \% \quad \$ 1,500 \quad \text { Average daily balance }
\end{array}$$ $ __________

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. 
 $$\begin{array} { l } 
\text { cellpadding="0" cellspacing="0" width } = " 56 \% \text { " border="0"> } \
\text { Balance Rate Payment Method } \
\$ 6,000 \quad 25 \% \quad \$ 1,500 \quad \text { Average daily balance }
\end{array}$$ $ __________

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. 
 $$\begin{array} { l } 
\text { cellpadding="0" cellspacing="0" width } = " 56 \% \text { " border="0"> } \
\text { Balance Rate Payment Method } \
\$ 6,000 \quad 25 \% \quad \$ 1,500 \quad \text { Average daily balance }
\end{array}$$ $ __________

Calculate the Monthly Finance Charge for the Credit Card Transaction