{"id":16082,"date":"2021-04-01T23:57:02","date_gmt":"2021-04-01T23:57:02","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/chapter\/assignment-average-daily-balance\/"},"modified":"2021-04-01T23:57:02","modified_gmt":"2021-04-01T23:57:02","slug":"assignment-average-daily-balance","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/chapter\/assignment-average-daily-balance\/","title":{"raw":"Assignment: Average Daily Balance","rendered":"Assignment: Average Daily Balance"},"content":{"raw":"\nClick on the link below to download the assignment: \u201cCredit Cards and Installment Buying\u201d from Erie Community College. This assignment&nbsp;shows an example of&nbsp;an&nbsp;Average Daily Balance Method of Determining Interest Rate using credit cards and installment buying to illustrate its points.\n<ul>\n \t<li><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/oerfiles\/WM+Math+For+Liberal+Arts\/Average+Daily+Balance+Student+Version.doc\" target=\"_blank\" rel=\"noopener\">Credit Cards and Installment Buying<\/a><\/li>\n<\/ul>\n&nbsp;\n\nYou will be asked to read a short passage describing how credit card interest is calculated that includes an example. &nbsp;Please complete the two practice problems provided.\n","rendered":"<p>Click on the link below to download the assignment: \u201cCredit Cards and Installment Buying\u201d from Erie Community College. This assignment&nbsp;shows an example of&nbsp;an&nbsp;Average Daily Balance Method of Determining Interest Rate using credit cards and installment buying to illustrate its points.<\/p>\n<ul>\n<li><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/oerfiles\/WM+Math+For+Liberal+Arts\/Average+Daily+Balance+Student+Version.doc\" target=\"_blank\" rel=\"noopener\">Credit Cards and Installment Buying<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>You will be asked to read a short passage describing how credit card interest is calculated that includes an example. &nbsp;Please complete the two practice problems provided.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-16082\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Average Daily Balance. <strong>Authored by<\/strong>: Lippman, David. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":167848,"menu_order":12,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"Average Daily Balance\",\"author\":\"Lippman, David\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-16082","chapter","type-chapter","status-publish","hentry"],"part":16066,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/pressbooks\/v2\/chapters\/16082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/wp\/v2\/users\/167848"}],"version-history":[{"count":0,"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/pressbooks\/v2\/chapters\/16082\/revisions"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/pressbooks\/v2\/parts\/16066"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/pressbooks\/v2\/chapters\/16082\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/wp\/v2\/media?parent=16082"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/pressbooks\/v2\/chapter-type?post=16082"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/wp\/v2\/contributor?post=16082"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/nwfsc-MGF1107\/wp-json\/wp\/v2\/license?post=16082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}