Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. consider the following credit card activity for th

Consider the following credit card activity for the month of September: Date Balance ...

50.1K

Verified Solution

Question

Accounting

Consider the following credit card activity for the month of September:
Date Balance
September 1 $0
September 7 $452
September 13 $972
September 18 $1,738
September 24 $2,244
If this card's annual APR is 22.9% and the September balance is not paid during the grace period, how much interest is owed for September?
There are 30 days in September.
Round your answer to the nearest dollar.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1A. A 1.54 gram sample of an unknown gas is found to occupy a volume of...

Chemistry
Q

Who develops the technology? Who controls the technology (or does it control us)? Should there be “human...

Programming
Q

Using field axioms, prove the following theorems: (i) If x and y are non-zero real numbers,...

Advance Math
Q

Is JellyTip ice cream the least favorite ice cream of TipTop NZ? why? please explain related to...

General Management
Q

Using the soil texture triangle how would soil with the following composition be classified 50...

Biology
Q

00 Menisci of knee vertebral discs and pubic symphysis Articular costal respiratory and nasal cartilages...

Biology
Q

Che 1. 8 3 7 2 6 53:40...

Accounting
Q

\ Pina Manufacturing has provided the following comparative financial statements: \table[[\table[[Pina...

Accounting
Q

1. On December 31, 20X3, Saxe Corporation was merged into Poe Corporation. In the business...

Accounting
Q

What are the repercussions of not using an ABN

Accounting
Q

Instead of choosing LIFO, FIFO or average cost, companies may use a method known as...

Accounting
Q

You are choosing between two projects. The cash flows for the projects are given in...

Finance