This is another finance/business question I can not figure out.
Using the unpaid balance method, find the current month's finance charge on a credit card account having the following transactions.
Last month's balance: $895
Last Payment: $280
Annual Interest Rate: 21%
Purchases: $521
Returns: $246
What is the current months finance charge?
Using the unpaid balance method, find the current month's finance charge on a credit card account having the following transactions.
Last month's balance: $895
Last Payment: $280
Annual Interest Rate: 21%
Purchases: $521
Returns: $246
What is the current months finance charge?