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Problem 7? Comparing Costs of Credit Using Three Calculation Methods [LOT-2] You have been pricing an MP3 player in several stores. Three stores have the identical price of $200. Each store charges 24 percent APR, has a 30-day grace period, and sends out bills on the rst of the month. [in further investigation, you find that store A calculates the nance charge by using the average daily balance method, store B uses the adjusted balance method, and store C uses the previous balance method. Assume you purchased the MP3 player on May 5 and made a $11312! payment on June 15. What will the nance charge for June be if you made your purchase from store A? From store B? From store C? {Do not round Intermediate calculations. Round your answers to 2 decimal places.) Henry Garrison starts the month with a balance on his credit card of $1,180. The average daily balance for the month, including the new purchases, is 1531'9. The average daily balance for the month, excluding the new purchases, is $?56. Henry's interest rate is one and a half percent for the month. Henry's bani: calculates the nance charge on their credit card by using the average daily balance excluding new purchases. What would Henry's finance charges be for the month? Shelly just borrowed $3, 500 which she will repay in 12 monthly payments of $301.87 . Under the rule of 78's , what is the amount of interest included in her first payment ?"