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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 received 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 received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $500 balance, 18%, $50 payment (a) previous balance method $ .75 (b) adjusted balance method $ 6.75 (c) average daily balance method $ 3.57

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