Calculate the Monthly Finance Charge for the Credit Card Transaction }">$\text { cellpadding }=" 0 \text { " cellspacing }=" 0 " \text { width }=" 61 \% \text { " border="0"> }$

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. }">$\text { cellpadding }=" 0 \text { " cellspacing }=" 0 " \text { width }=" 61 \% \text { " border="0"> }$

A) $3.93
B) $2.50
C) $5.33
D) $3.56
E) $5.83