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Calculate the monthly finance charge for the credit card transaction. Assume that it takes 1 0 days for a payment to be received and recorded,

Calculate the monthly finance charge for the credit card transaction. Assume that it takes

10

days for a payment to be received and recorded, and that the month is

30

days long.

(

Round your answer to the nearest cent.

)

950

balance,

15 %,

900

payment; average daily balance method

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