On the November 6 billing date, Pedro had a balance due of $455.76 on his credit...

On the November 6 billing date, Pedro had a balance due of $455.76 on his credit card. The Transactions during the following month were: November 8th Charge- $51.46 November 9th Payment-$68.83 November 13th charge- $232.85 December 3rd charge- $30.26 The interest rate on the card is 1.6% per month. Using the Average daily balance method, find: A. the average daily balance for the billing period B. the finance charge to be paid on December 6, Pedro's next billing date. C. the balance due on December 6th (November has 30 days)

Expert Solution

ekkarill92 answered 1 year ago

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