You have a revolving credit account with an 18.59% APR. The finance charge is calculated...
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Finance
You have a revolving credit account with an 18.59% APR. The finance charge is calculated by using the average daily balance method. The billing date is the first day of each month, and the billing cycle is the number of days in that month. Your balance forward from March was $325.16. During the month of April, you had the following credit card activity: purchase on April 6 for $32.19; purchase on April 9 for $247.92; refund credit on April 17 for $104.17; purchase on April 23 for $1,286.45; annual fee on April 30 for $450.00. How much is the finance charge for April?
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