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5. Calculate the average daily balance and finance charge from the information that fol- lows: 30 day billing cycle 9/1 billing date previous balance $375

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5. Calculate the average daily balance and finance charge from the information that fol- lows: 30 day billing cycle 9/1 billing date previous balance $375 9/6 payment $100 cr. 9/15 charge Kohl's $75 9/21 payment $50 cr. 9/25 cash advance $ 100 rate= 2% per month on average daily balance

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