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$24.55 $100.00 $71.25 $11.09 On February 4, the billing date, Carol Ann Bluesky had a balance due of $126.64 on her credit Feb. 7 Charge:

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$24.55 $100.00 $71.25 $11.09 On February 4, the billing date, Carol Ann Bluesky had a balance due of $126.64 on her credit Feb. 7 Charge: Art supplies card. Her bank charges an interest rate of 1.25% per month and uses the average daily Feb. 12 Payment balance method. She made the transactions described in the table during the month Feb. 21 Charge: Flowers delivered Feb. 26 Charge: Music CD a) Find Carol Ann's average daily balance for the billing period from February 4 to March 4. Assume it is not a leap year b) Find the finance charge to be paid on March 4 c) Find the balance due on March 4 d) Compare the result obtained to those obtained using the previous balance method a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.) b) The finance charge to be paid on March 4 is (Round to the nearest cent as needed c) The balance due on March 4 is (Round to the nearest cent as needed) d) Using the previous balance method, the finance charge is $158 and the balance due is $135 11 How do the results obtained using the average daily balance method compare to those obtained using the previous balance method? Choose the correct answer below

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