Similarities between medicare and medicaid reimbursement

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1. Your average daily balance on his credit card for this month is $456. Your credit card company charges interest on the balance at an annual rate of 16.9% (APR). How much interest will be charged this month?

2. What are the similarities between Medicare and Medicaid reimbursement?

3. Now, your average daily balance for the month was $1378. You notice on your credit card statement that you were assessed a finance charge of $20.67. Calculate the equivalent interest as a percentage (i.e.., find the APR).

Reference no: EM131974234

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