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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.

Previous Balance: $753.27 July 8 Billing Date July 15 Payment $200 July 26 Lunch $42. 14 August 3 Concert tickets $68.76 (a) The average daily balance is $

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