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8) Credit Card Payment. On May 12, the billing date for your card, you have...

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Accounting

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8) Credit Card Payment. On May 12, the billing date for your card, you have an outstanding balance of $378.50. For the period ending June 12, you had the following transactions: May 13, $129.79 Purchase May 15, $50 Payment . June 1, $135.85 Purchase . June 8, $37.63 Purchase Find the average daily balance for the period, the finance charge on June 12, at an interest rate of 1.3% per month, and the balance due on June 12 9) Buying a Home. You purchase a home selling for $215,000. You make a 20% down payment and obtain a mortgage for the rest at 4.5% over 25 years. What is the principal for the mortgage and what is the monthly payment? 10) Research 3 credit cards, telling me the interest rates, penalties, rewards, and fees. Then tell me which one you would pick and why

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