Calculate the average daily balance, finance charge, and new balance using the average daily balance method
Monthly rate=175%
Payments Purchases
Balance
Date
9/1-9/5
$387.52
Number of Days Product/Sum
$1.937 60
$337.52
9/6
$50.00
$337.52
9/7 - 9/18
9/19
$62.66
$400.18
$400.18
9/20 - 9/30
Total
The average daily balance
- 30-S
Finance charge = monthly rate x average daily balance = $
New balance = previous balance - payment/credits + finance charge +new purchases = $

1/3 + 1/3 ≠ 2/6 because 1/3 alone = 2/6  

step by step explanation:

1/3 + 1/3 = 2/3       2/3=4/6

i agree because i see the other persons thinking is clear

the homeowners insurance cost for a 115,000 wood frame house is 80,500.

step-by-step explanation:

it is given that the coverage rate for wood frame house is 0.7.

the value of wood frame house is 115,000.

.

homeowners insurance cost for a 115,000 wood frame house is

therefore the homeowners insurance cost for a 115,000 wood frame house is 80,500.

b.

step-by-step explanation: