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The activity on Billys credit card account for one billing period is shown below. The...

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Finance

The activity on Billys credit card account for one billing period is shown below. The billing period is Oct 4 through Nov 3, the previous balance was $1519.18, and the annual interest rate is 19 ! " %. Find the average daily balance, the finance charge, and the new balance.

Oct 20 dentist $91.14

Oct 28 Walmart $188.83

Nov 2 deposit -$700

Average daily balance:

Finance charge:

New Balance:

Answer & Explanation Solved by verified expert
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