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(a) Use the credit card statement to help fill in the table below. Note that there are 31 days in August. Also, a purchase
(a) Use the credit card statement to help fill in the table below. Note that there are 31 days in August. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction August I Beginning balance August 3 Purchase August 12 Payment August 17 Purchase Transaction Unpaid amount balance Number of days at that balance $2680.40 $2680.40 2 days (from August 1 through August 2) days (from August 3 through August 11). $5 days (from August 12 through August 16) Unpaid Number balance of days x $5360.800 $300.50 $2980.90 $542.00 $620.46 $15 days (from August 17 through August 31) Total: 31 days $ Total: $ (b) Find the average daily balance. Write your answer to the nearest cent. $0 (c) Suppose the credit card company charges an interest rate of 1.3% on the average daily balance for August found in part (b). How much interest will be charged? Write your answer to the nearest cent. $ (d) What will Carlos's beginning balance be for the month of September (including the interest for August found in part (c))? $0
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