In John Balfour's credit card account interest is charged on the average daily balance. The cycle begins on May 4 , and the cycle ends on June 3. The beginning balance is $291.47. A payment of $50 is posted on May 18. A charge of $17.62 is posted on May 7 . A charge of $52.08 is posted on May 12. A charge of $116.62 is posted on May 29. John is charged 1.92% per period. What is the finance charge for the cycle? The finance charge for the cycle is $ (Round to the nearest cent as needed.)