39. Finance Charge C date, Pat had a ba Charge Comparison On August 5, the billing at had a balance due of $185.72 on her credit card. transactions during the month of August were $85.75 75.00 August 8 August 10 August 15 August 21 Charge: Shoes Payment Charge: Dry cleaning Charge: Textbooks 72.85 275.00 a) Determine the finance charge on September 5 by using the previous balance method. Assume that the interest rate is 1.4% per month. b) Determine the new account balance on September 5 using the finance charge found in part (a). c) Determine the average daily balance for the period. d) Determine the finance charge on September 5 by using the average daily balance method. Assume that the in- terest rate is 1.4% per month. e) Determine the new account balance on September 5 using the finance charge found in part (d). 10.5