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For the credit cardaccount, assume one month between billing dates(with the appropriate number ofdays) and interest of 1.4 % per month on the average daily

For the credit cardaccount, assume one month between billing dates(with the appropriate number ofdays) and interest of 1.4 %

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: $762.69

July 6 Payment Billing Date

July 14 Payment $300.00

July 29 Lunch $45.19

August 5 Concert Tickets $89.54

A) The average daily balance is _______

B) The monthly finance charge ________

C) The Account balance for the next billing _______

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