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5. Using Both average daily balance method and unpaid balance method compute the finance charge on the credit card account for the month. The starting
5. Using Both average daily balance method and unpaid balance method compute the finance charge on the credit card account for the month. The starting balance and transactions on the account for the month are given. Assume an APR of 21% in each method. Computing a finance charge. Month: April (30 days): previous month's balance: $240.15 Date Transaction April 3 April 13 April 23 April 28 Charged $125.38 for a table Payment of $85.00 Charged $33.45 on gas Charged $68.15 on groceries a. Unpaid Balance Method: b. Average Daily Balance Method
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