1-Suppose you received your statement for March for a Mastercard credit card account. The statement indicated that you had a beginning balance of $700, on day 8 you charged $75, on day 14 you charged $250, on day 16 you charged $300, and on day 18 you made a $300 payment. a) What was the average daily balance for March without new purchases? b) What was the finance charge on the balance in part (a) if the APR is 22.9 percent? c) What was the average daily balance for March with new purchases? d) What was the finance charge on the balance in part (c) if the APR is 22.2 percent?