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Find the finance charge for the following credit card billing period: May, 2011 (31 days). Balance from April $0, purchase of $600 on May 18,
Find the finance charge for the following credit card billing period: May, 2011 (31 days). Balance from April $0, purchase of $600 on May 18, payment of $600 on June 24th, 16% APR 'average daily balance including new purchases" method. Twenty-five day grace period. $0 $3.42 $4.21 $4.42 None of the above
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