Students Name brian Kroha Use the information in the box bel

Student\'s Name brian Kroha Use the information in the box below to complete items 8-13. Student Number Boone\'s credit card billing cycle begins on August 17. He has a previous balance of $320.00. On August 19, Boone pays the credit card company $160, and on August 23, Boone purchases a gift for his sister, Shannon, for $84.50 using the card. On August 30. Boone uses his credit card to buy a $1,240.50 plane ticket to Sydney, Australia. On September 8, Boone pays another SI rate is 3.5% s another $100.00 to the credit card company. The billing cycle ends on September 16. Boone\'s monthly periodic 8. Previous-Balance Method: Finance Charge = m-, 9. Unpaid-Balance (Adjusted-Balance) Method: Unpaid Balance Finance Charge = 10, Average-Daily-Balance Method WITH New Purchases: STEPI STEP 2: Fill in the list below with each end of day balance days 1: How many days are in the billing cycle? Number of Days- Aug 17 3 Aug 18 Aug 19 Aug 20 1Lo Aug 21 Aug 22 Wo Aug 23 54 Aug 244153/sept 1 Aug 25 2 4453) sept 2 14, Sept 10 Aug 26 244 Sept 3 1495 Sept 11 Aug 27 7 Aug 28-2591 Sept 5 IAS ce Sept 10-55, a Sept 12-33210 Sept 14 156,0 Sept 16 Sept 4,1485· Aug 29 244.5 Sept 6 S Sept 71ug Sept 8 sept 9 Sept 15 Sept 15I Aug Auga 1445 STEP 3: Surn of Daily Balances = STEP 4: Average Daily Balance STEP 5: Finance Charge 2328

Solution

date balance Aug-17 320 Aug-18 320 Aug-19 160 Aug-20 160 Aug-21 160 Aug-22 160 Aug-23 244.5 Aug-24 244.5 Aug-25 244.5 Aug-26 244.5 Aug-27 244.5 Aug-28 244.5 Aug-29 244.5 Aug-30 1485 Aug-31 1485 Sep-01 1485 Sep-02 1485 Sep-03 1485 Sep-04 1485 Sep-05 1485 Sep-06 1485 Sep-07 1485 Sep-08 1385 Sep-09 1385 Sep-10 1385 Sep-11 1385 Sep-12 1385 Sep-13 1385 Sep-14 1385 Sep-15 1385 Sep-16 1385 Sum of daily balances 28821.5 Average daily balance 960.7167 Financial charge 33.62508