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LunaGear
LunaGear
25.08.2020 • 
Mathematics

Calculate the finance charge and new balance using the three methods presented. The account balance on September 1st is $149.99. On September 9th a payment of $50.00 is made. Monthly rate = 1.75% Date Payments Purchases Balance Number of Days Product/Sum 9/1 - 9/8 $149.99 8 $1,199.92 9/9 $50.00 $99.99 1 $99.99 9/10 - 9/16 $99.99 21 $2,099.79 Total 30 $3,399.70 Previous balance method: Finance charge = $ . New balance = $ . Unpaid balance method: Unpaid balance = $ . Finance charge = $ . New balance = $ . Average daily balance method: Average daily balance = $ . Finance charge = $ . New balance = $


Calculate the finance charge and new balance using the three methods presented. The account balance

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