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You have been pricing a compact disk player in several stores Three stores have the...

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Basic Math

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You have been pricing a compact disk player in several stores Three stores have the identical price of 700 Each store charges 12 percent APR has a 30 day grace period and sends out bills on the first of the month On further investigation you find that store A calculates the finance charge by using the average daily balance method store B uses the adjusted balance method and store C uses the previous balance method Assume you purchased the disk player on May 5 and made a 100 payment on June 15 What will the finance charge be for June if you made your purchase from store A From store B From store C Do not round your intermediate calculations Round your answers to 2 decimal places Store A Store B Store C Finance Charge LA LA LA

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