2. A credit card has a monthly rate of 2% and uses the average daily balance method for calculating interest. The minimum monthly payment is the larger of 2% of the balance on the closing date rounded up to the nearest dollar or $10. Details of June1-June 30 itemized billing are:

(a) Find the Average Daily Balance (b) Find the interest due on the payment due date. (c) Find the total balance owed on July 1. (d) What is the minimum monthly payment on the due date, July 20