Calculate the average daily balance and finance charge

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Reference no: EM131892755

1. Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle 9/16 Billing date Previous balance $ 900 9/19 Payment $ 49 cr. 9/30 Charge: Home Depot 950 10/3 Payment 49 cr. 10/7 Cash advance 59 Finance charge is 1.5% on average daily balance. Average daily balance $ Finance charge $.

2. Jim needs to have atleast $45,000 save for a down payment on a new home. If he saves $9,000 each year at an interest rate of 8%. How much will he have at the end of 5 years?

3. The number of companies acquired only two or three years from startup has increased dramatically in the last few years. What are the root causes of these early exits?

Reference no: EM131892755

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