At the beginning of September, Jack had a balance due of $1200.27 on his credit card. The transactions for the month were:

September 5 Payment $250

September 15 Charge: laptop $750

September 25 Charge: gas $25.68

The annual interest rate on the card is 16%. Using the average daily balance method, find the finance charge and the minimum payment due on the month if the credit card issuer requires 3% for a minimum payment. Use this information for the remaining problems.

What is the average daily balance?

Determine the finance charge?

Find the minimum payment due?