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For the credit cardaccount, assume one month between billing dates(with the appropriate number ofdays) and interest of 1.2% per month on the average daily balance.

For the credit cardaccount, assume one month between billing dates(with the appropriate number ofdays) and interest of 1.2% per month on the average daily balance. Find (a) the average dailybalance, (b) the monthly financecharge, and (c) the account balance for the next billing.

PreviousBalance: $749.81

July 6 Billing Date

July 18 Payment $300

July 27 Lunch. $45.46

August 5 Concert tickets $69.78

(a) The average daily balance is $

nothing

.

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