A credit card company uses the average daily balance method to calculate its finance charges. What is the finance charge for the month of August (31 days) for this credit card if the average daily balance for August is $88.42? The annual interest rate is 18%. (Round to the nearest cent.) July 31 Balance $350 August 10 Charge $51 August 12 Payment $160 August 15 Charge $167 August 22 Charge $43 The finance charge for the month of August is how much?