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Compute the average daily balance and finance charge. As of April 1, the credit card balance shows a previous balance of $905.05. A payment of
Compute the average daily balance and finance charge. As of April 1, the credit card balance shows a previous balance of $905.05. A payment of $100 was made on April 10. A purchase of $75 was made on April 15. Finance charges are computed at 3% per month. This balance was in effect through the billing date, May 1.
Average daily balance: ______________________ Finance charge: ____________________________
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