3. Average Daily Balance. Elizabeth Mountbatten, a biologist from Lexington, Kentucky, is curious about the accuracy of
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3. Average Daily Balance. Elizabeth Mountbatten, a biologist from Lexington, Kentucky, is curious about the accuracy of the average daily balance shown on her most recent credit card billing statement, which appears in Figure 7.2 on page 203. Use the posting dates for her account to calculate her average daily balance and compare the result with the amount shown on the statement.
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