The table below shows the activity on your credit card for the
past month. Compute the new balance using the (a) adjusted
balance method, (b) previous balance method, and (c) average
daily balance method. Use spreadsheet software, if available,
to complete the problems below, or do them manually. Round
to the nearest cent.
Credit Card Activity
Previous Balance
$800.00
Charges:
September 5
September 18
September 21
$35.78
$124.87
$528.00
Payments
September 22
$750.00
Annual Interest Rate
14%
