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17 May, 10:49

The average daily balance is $210.39 on a credit card with APR of 13.4% over a billing period of 30 days what will the finance charge be?

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  1. 17 May, 10:56
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    Principal = 210.39

    APR = 13.4%

    billing period = 30 days

    finance charge over 30 days

    = 210.39*0.134*30/365

    = $2.22
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