Jackson and Kate Jones do not pay their credit card in full each month,so they incur finance charges.On their last credit card statement,the average daily balance is $875,and the monthly periodic rate is 2.25%.What should be the finance charge on the statement?
A) $19.69
B) $20.25
C) $87.50
D) $196.88
Correct Answer:
Verified
Q8: FICO scores range from 300 to about
Q9: A debit card is a type of
Q10: The Truth-in-Lending Act protects consumers from harassment
Q11: Jerry buys a $2,700 motorcycle on a
Q12: Last month,the ending balance on Maryanne's
Q14: Taneeka borrowed $12,000 for a car for
Q15: Isabella wants to purchase a new refrigerator.When
Q16: Regina pays her credit card balance in
Q17: Max found a car he wants to
Q18: A FICO score is named after its
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents