On September 7, the bling date, Verna had a balance due of S56618 on her...
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Accounting
On September 7, the bling date, Verna had a balance due of S56618 on her credit card. Assume that the interest rate is 1.1% per month. Suppose that Verna's bank uses the average daily balance method. Answer parts (a) through (d) 23 pt. 26 a) Determine Verna's average daily balance for the billing period from September 7 to October 7 The average daily balance for the biling period was $ Round to the nearest cent as needed.) b) Determine the finance change to be paid on October 7 The fnance charge to be paid on October 7 is $ ons ens Round to the nearest cent as needed.) e) Determine the balance due on October 7 The balance due on October 7 is s Round to the nearest cent as needed) d) Using the previous balance method, the france charge is $0.22 and the balance due is $899.89. How do the results obtained using the average daily The results using the average daily balance method are those obtained using the previous balance method $275 $329. $1934 $81.02 Assume that the interest rate is 1.1% per (a) through (d) Payment Charge: Airline ticket Charge: Hotel bill Charge: Clothing Sept. 23 26 ctober 7. due is $899.89. How do the results obtained using the average daily balance method compare to those obtained using the previous ed using the previous balance method


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