3) Bill Moore bought a stereo selling for $5,800, putting down $1,200. The payment schedule was for 48 monthly payments of $117.50. What is the APR by table look-up? Calculate the average daily balance and finance charge: (Assume a 30-day billing cycle.) 4. 4/20 Billing date previous balance 4/26 Payment 4/30 Charge 5/4 Payment 5/12 Cash advance APR is 12% $700 200 400 150 180