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Credit Cards Question 3 , 8 . 8 . 1 Part 1 of 4 HW Scor ( Point The credit card with the transactions described

Credit Cards
Question 3,8.8.1
Part 1 of 4
HW Scor
( Point
The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is 1.5% of the average daily balance. Calculate parts a-d using the statement on the right.
\table[[Transaction Description,\table[[Transaction],[Amount]]],[Previous balance, $6320.00,],[March 1 Billing date,],[March 5 Payment,$350.00 credit],[March 7 Charge: Restaurant,$60.00
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