FA 3-7 Average Daily Balance

What is Liam’s average daily balance?

• $2,433.50

• $3,873.65

• $2,321.05

• $1,214.78

What is Liam’s monthly periodic rate?

• 1.23%

• 2.78%

• 2.36%

• 1.65%

What is Liam’s finance charge?

• $22.36

• $45.35

• $21.30

• $63.92

What is Liam’s new balance?

• $2,365.12

• $3,782.15

• $4,445.12

• $4,256.78

What is Liam’s available credit?

• $554.88

• $258.36

• $785.24

• $459.71

What amount should be in the box for “Payment/Credits”?

• $258.36

• $457.21

• $190.60

• $132.56

What amount should be in the box for “Transactions”?

• $1,458.78

• $1,548.23

• $1,654.32

• $1,495.84

What is Shannon’s average daily balance?

• $789.56

• $882.69

• $874.45

• $856.58

What is Shannon’s finance charge?

• $12.56

• $21.54

• $11.47

• $14.24

What is Shannon’s new balance?

• $1,653.21

• $1,458.15

• $1,877.01

• $1,654.21