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Find the monthly finance charge for an average daily balance of $145.59 and annual percentage rate of 24% a. $29.11 b. $291.18 c. $2.91 d. $34.94

Find the monthly finance charge for an average daily balance of $145.59 and annual percentage rate of 24% a. $29.11 b. $291.18 c. $2.91 d. $34.94
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4 votes
Find the monthly finance charge for an average daily balance of $145.59 and annual percentage rate of 24%

a. $29.11
b. $291.18
c. $2.91
d. $34.94

asked
User Niels Basjes
by
7.8k points

1 Answer

2 votes

Answer:

d. $34.94

Explanation:

the monthly finance charge = (24 * 145.59) /100 = $34.94

answered
User Jerry Sha
by
7.9k points
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