Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long.
?
$600 balance, 14%, $100 payment, adjusted balance method
?

A. $6.14
B. $5.83
C. $7.00
D. $4.60
E. $3.50


Answer: B

Mathematics

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