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A credit card has a monthly rate of 1.23%. In the January 1 - January 31 itemized billing, the average daily balance is $706.23. The
A credit card has a monthly rate of 1.23%. In the January 1 - January 31 itemized billing, the average daily balance is $706.23. The payment due date is February 9. Find the interest due on this date using the average daily balance method. Round answer to the nearest cent.
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