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Here is Kira's credit card statement for the month of May. Transaction Date Transaction amount May 1 $1900.07 May 5 Payment $920.00 May 12 Purchase
Here is Kira's credit card statement for the month of May. Transaction Date Transaction amount May 1 $1900.07 May 5 Payment $920.00 May 12 Purchase $74.65 May 27 Payment $600.00 (a) Use the credit card statement to help fill in the table below. Note that there are 31 days in May. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction Number of days at that balance Transaction Unpaid amount balance $1900.07 $1900.07 4 days (from May 1 through May 4) Unpaid Number balance of days May 1 Beginning balance $7600.28 May 5 Payment days (from May 5 through May $920.00 $980.07 11) May 12 Purchase $74.65 $ 15 days (from May 12 through May 26) May 27 Payment $600.00 $ 5 days (from May 27 through May 31) Total: 31 days Total: S (b) Find the average daily balance. Write your answer to the nearest cent. (c) Suppose the credit card company charges an interest rate of 1.3% on the average daily balance for May found in part (b). How much interest will be charged? Write your answer to the nearest cent. (d) What will Kira's beginning balance be for the month of June (including the interest for May found in part (c))? Beginning balance E B May
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