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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

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.)

$8,000 balance, 15%, $30 payment

(a) previous balance method $ (b) adjusted balance method $ (c) average daily balance method

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