Calculate the Monthly Finance Charge for the Credit Card Transaction } }\end{array}">$\begin{array} { l l l l } { \text { cellpadding="0" cellspacing="0" width=" } 62 \% " \text { border="0"> } }\end{array}$

Multiple Choice

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. Round your answer to the nearest cent. } }\end{array}">$\begin{array} { l l l l } { \text { cellpadding="0" cellspacing="0" width=" } 62 \% " \text { border="0"> } }\end{array}$

A) $2.26
B) $2.45
C) $2.63
D) $2.25
E) $3.50