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Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be recelved and recorded, and

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Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be recelved and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $400 balance, 16%, 550 payment (a) previous balance method (b) adjusted balance method (c) average daily balance method

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