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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 balance.
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.
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