Adam’s credit card calculates finance charges using the adjusted balance method and a 30-day billing cycle. The table below shows his use of that credit card over three months. Date Amount ($) Transaction 4/1 626. 45 Beginning balance 4/10 37. 41 Purchase 4/12 44. 50 Purchase 5/3 65. 50 Payment 5/16 24. 89 Purchase 5/20 104. 77 Payment 6/6 23. 60 Payment 6/10 15. 00 Purchase 6/14 51. 85 Purchase If Adam’s credit card has an APR of 14. 63%, what is Adam’s balance at the end of June? a. $629. 42 b. $629. 66 c. $627. 27 d. $628. 40 Please select the best answer from the choices provided A B C D.
