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Abby has a credit card which uses the adjusted balance method to compute finace charges. Her card has an APR of 11.83% and she is

Abby has a credit card which uses the adjusted balance method to compute finace charges. Her card has an APR of 11.83% and she is on a 30 day billing cycle. The table below shows her transactions in the month of January.

Date Amounts ($) Transaction
1/1 $722.1o Beginning Balance
1/6 $18.12 Purchase
1/7 $65.00 Payment
1/14 $18.00 Purchase
1/20 $44.79 Purchase
1/23 $34.24 Purchase
1/27 $40.00 Payment
What will Abby's finace charge be? A.) $6.08 B.) $7.12 C.) $7.22 D.) $8.25

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