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A month has 3 0 days in it . You post a payment of $ 6 0 0 on the 1 5 th of the

A month has

30

days in it

.

You post a payment of $

600

on the

15

th of the month. The Balance was $

2000

before the payment. What is the interest on the average daily balance if the APR is

23 % ?

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