1. Your average daily balance on his credit card for this month is $456. Your credit card company charges interest on the balance at an annual rate of 16.9% (APR). How much interest will be charged this month?
2. What are the similarities between Medicare and Medicaid reimbursement?
3. Now, your average daily balance for the month was $1378. You notice on your credit card statement that you were assessed a finance charge of $20.67. Calculate the equivalent interest as a percentage (i.e.., find the APR).