Consider the following case: On June 1, Gilberto's credit card has a balance of $3,375.75. According to the terms of the card's lending agreement, an interest rate of 20% pe is assessed and the monthly finance charges are calculated using the Average Daily Balance (ADB) including purchases method. During the month, Gilberto expects to make the purchases listed below and will make a payment of $253.18 on June 24, and has collected the following additional information: Date Purchases June 8 $102.39 June 10 1,722.13 June 22 1,184.19 June 28 15.13 Additional Information Monthly interest rate 1.67% Beginning card balance Days in the month $3,375.75 30 Use the following table to help Gilberto estimate his monthly interest charge for June. Dates Number of Days Calculated Value Daily Balance $3,375.75 6/2 - 6/8 7 6/9 - 6/10 2 6/11 - 6/22 6/23 - 6/24 6/25 - 6/28 6/29 - 6/1 Total Average Daily Balance With Purchases Finance Charge One way by which Gilberto can reduce his finance charges, everything else remaining constant, is to: Make more, even more expensive purchases. Make smaller payments. Request a lower interest rate on his credit card. 12 2 4 3 30