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Estimate the Answer by Picking the Best Choice Without Calculating

Question 29

Multiple Choice

Estimate the answer by picking the best choice without calculating. If your credit card balance is $932, you make a $50 payment, the APR is 12%, and the interest is calculated according to the adjusted balance method, then the finance charge is


A) $9.32 Estimate the answer by picking the best choice without calculating. If your credit card balance is $932, you make a $50 payment, the APR is 12%, and the interest is calculated according to the adjusted balance method, then the finance charge is A) $9.32 B) $8.82 C) $8.85 __________ (Enter A, B, or C )
B) $8.82 Estimate the answer by picking the best choice without calculating. If your credit card balance is $932, you make a $50 payment, the APR is 12%, and the interest is calculated according to the adjusted balance method, then the finance charge is A) $9.32 B) $8.82 C) $8.85 __________ (Enter A, B, or C )
C) $8.85 __________ (Enter A, B, or C )

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