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Assume the following credit statement for May 16- June 14, 2021: Previous Balance: 1180 May 20 Payment 6226 Charges: May 16 870 May 25 $156

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Assume the following credit statement for May 16- June 14, 2021: Previous Balance: 1180 May 20 Payment 6226 Charges: May 16 870 May 25 $156 June 5 Days in Billing Cycle 31 (a) (6 pts) Compute the average daily balance on the credit card for the statement period. $85 (b) (3 pts) If the APR on the car is 14.79%, find the periodic interest rate. c) (opts Find the new balance on the credit card

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