Find the monthly finance charge (interest payment) in the situation described. You maintain an average balance of $2125 on your credit card, which carries a 24% annual interest rate.

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Wheaties asked Mar 7, 2022

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Find the monthly finance charge (interest payment) in the situation described. You maintain an average balance of $2125 on your credit card, which carries a 24% annual interest rate.

Mathematics
college

Wheaties asked Mar 7, 2022

by Wheaties

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Answer:

days

The finance charge for a billing cycle is $41.92.

The new opening balance in the following billing cycle is $2,166.92.

THE MONTHLY CHARGE IS 41.92

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Bydsky answered Mar 14, 2022

by Bydsky

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