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What is a monthly finance charge if the average daily balance is $30, the daily periodic rate is 0.0...
4 months ago
Q:
What is a monthly finance charge if the average daily balance is $30, the daily periodic rate is 0.07% and the number of days in a cycle is 30? A. 21 cents B. 63 cents C. 90 cents
Accepted Solution
A:
B. 63 Cents is the correct answer.