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A credit card company uses the average daily balance method to calculate its finance charges. What is the July 31 finance charge for the month
A credit card company uses the average daily balance method to calculate its finance charges. What is the July 31 finance charge for the month of August (31 days) for this credit card if the average daily balance for August August 9 Charge is $266.55? The annual interest rate is 18%. Round to the nearest cent.) Balance $250 August 12 Payment August 23 Charge August 25 Charge $80 $107 $46 The finance charge for the month of August is S
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