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What is the finance charge on a credit card account

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Reference no: EM131623169

Question: 1. A credit card has an average daily balance of $2,817.48 and the monthly periodic rate is 1.325%. What is the finance charge for the month?

2. What is the finance charge on a credit card account that has an average daily balance of $5,826.42 and the monthly interest rate is 1.55%?

Reference no: EM131623169

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