Financial Math
Dates Transaction Balance Number of Days Sum of Days 3/14 3/19 None $169.38 6 $1,016.28 3/20-3/27 +14.83 $184.21 8 $1,473.68 3/28-4/10 +52.91 $237.12 14 $3,319.68 4/11-4/14 -50.00 $187.12 4 $748.48 Totals: 32 $6,558.12 $6,558.12 / 32 = $204.94 Average daily balance. Average daily balance * Periodic rate = Finance charge ................
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