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2 . Find the average daily balance for the following credit card account. Assume one month between billing dates. Find the finance charge if the

2. Find the average daily balance for the following credit card account. Assume one month between billing dates. Find the finance charge if the annual interest rate is 22.32%. Find the new balance for the next months statement.
Date Activity Balance Compute
July 11 Balance from previous
statement $512.78
July 19 Returns $136.45
July 21 Boscovs $135.73
July 27 Car rental $174.19
August 4 Payment $115.00
August 6 Gasoline $ 42.65

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