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For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.5% per month on the
For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.5% per month on the average daily balance. Find (a) the average daily balance, (b) the monthly finance charge, and (c) the account balance for the next billing. (a) The average daily balance is $ (Round to the nearest cent as needed.) (b) The finance charge is $ (Round to the nearest cent as needed.) (c) The account balance for the next billing is $ (Round to the nearest cent as needed.)
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