37. Jake had these balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 18.6%. What is his average daily balance? two days @ $501 98 eleven days @ $1 235.04 four days @ $720 71 . thirteen days @ $950 76 A. $962.33 B. $1,028.69 C. $852.12 D. $994.40 38. Scott bought a $6,435 boat on the installment plan. The agreement included a 20% down payment and 36 monthly payments of $162.21. What is the finance charge on this installment plan? A. $691.56 B. $595.44 C. $1,287.00 D. $162.21 39. Sarah is taking out a $24,400 four-year new-car loan with an APR of 6.88%. What is the finance charge for this loan? Round to the nearest hundred dollars. A. $1,700 B. $3,600 C. $6,700 D. $3,700 40. Find the simple interest on a $2,590 principal deposited for five years at 3.45% A. $3,036.78 B. $90.65 C. $6,345.50 D. $446.78 41. If the billing cycle is from the first day of November to the last day of November, how many days are in the billing period? A. 30 B. 31 C. 28 D. 29