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Find the average daily balance for the given credit-card account. Assume the billing date is the same day in each month, and use the number
Find the average daily balance for the given credit-card account. Assume the billing date is the same day in each month, and use the number of days in each month. Then find the finance charge if interest is 1.11.1% per month on the average daily balance. Finally, find the balance at the end of the billing cycle. |
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The average daily balance is
$nothing.
(Round to the nearest cent as needed.)
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