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I understand how to reach most of these answers, however, please annotate how to reach the numbers for the product. Please show step by step,
I understand how to reach most of these answers, however, please annotate how to reach the numbers for the product. Please show step by step, thanks!
The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is 1.5% of the average daily balance. Calculate parts a-d using the statement on the right. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $. (Round to the nearest cent as needed.)Step by Step Solution
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