Answer :
Answer:
$1.59
Step-by-step explanation:
monthly finance charge = average daily balance x monthly interest
monthly interest = 14,99% / 12 = 1.249%
1.249% x $127.50 = $1.59
Answer:
$1.59
Step-by-step explanation:
monthly finance charge = average daily balance x monthly interest
monthly interest = 14,99% / 12 = 1.249%
1.249% x $127.50 = $1.59