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Find the average daily balance for the given credit-card account. Assume the billing date is the same day each month, and use the actual number
Find the average daily balance for the given credit-card account. Assume the billing date is the same day each month, and use the actual number of days in each month. Then find the finance charge if the previous balance was $750.45 and the interest is 1.5% per month on the average daily balance. Finally, find the balance at the end of the billing cycle. May 5 May 8 May 10 May 14 May 20 May 25 May 30 June 2 Billing Date Mail Order Returns Wine Payment Returns Birthday Gift Cash Advance $ 27.67 $ 26.67 $ 33.79 $124 $70.25 $120 $100 The average daily balance is $ (Round to the nearest cent as needed.) The finance charge is $ (Round to the nearest cent as needed.) The balance at the end of the billing cycle $ (Round to the nearest cent as needed.)
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