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Marsha needs to have a surgical procedure done and does not have the 4 000...

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Basic Math

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Marsha needs to have a surgical procedure done and does not have the 4 000 cash necessary for the operation Upon talking to an administrator at the hospital she finds that it will accept MasterCard VISA and Discover credit cards All of these credit cards have an APR of 15 so she figures that it does not matter which card she uses even though she plans to take a year to pay the loan Assume that Marsha makes a payment of 500 and then receives a bill Show the interest from credit cards of 15 APR according to the previous balance adjusted balance and average daily balance methods Assume that the month has 31 days and that it takes 14 days for Marsha s payment to be mailed and recorded Round your answers to the nearest cent MY NOTES previous balance method adjusted balance method average daily balance method ASK YOUR TEACH

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