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Assume the following: Melita carried an average daily balance of $529 on her credit card this month. Her previous balance last month was $871, compared
Assume the following: Melita carried an average daily balance of $529 on her credit card this month. Her previous balance last month was $871, compared to a balance of $63 this month. There are 30 days in this billing cycle and Melita always always makes a payment on the 15th of the month. Based on this information, calculate this monthly interest charges for credit card accounts charging 14%, 16%, and 18% interest
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