The activity on daniels credit card for one billing period, Ask an Expert

Finance

The activity on Daniel's credit card for one billing period is shown below.

May 6 purchase 1 $180.09

May 23 purchase 2 $39.39

The billing period is May 1 through May 31, and the unpaid balance on May 1 was $153.75. Daniel's card has an APR of 17%. Find the average daily balance.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91591265

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