1. (20 points) You have a credit card that charges an annual interest rate of 24% and calculates interest by the average daily balance method. The unpaid balance at the start of a 30-day billing cycle was $1673.20. Purchases of $711.70. $351.82 $1398.13 and $2373.75 were made on days 7. 12. 20 and 24 of the billing cycle. A payment of $2400.00 wis made on day 13 of the billing cycle. What is the balance on the credit card at the beginning of the next billing cycle