In JohnBalfour's credit card account interest is charged on the average daily balance. The cycle begins on May4, and the cycle ends on June 3. The beginning balance is $ 299.24 .

$299.24. A payment of $100

100 is posted on May 18. A charge of $15.41

15.41 is posted on May 7. A charge of $56.77

56.77 is posted on May 12. A charge of $105.28

105.28 is posted on May 29. John is charged 1.23

1.23% per period. What is the finance charge for thecycle?

The finance charge for the cycle is $

nothing

. (Round to the nearest cent asneeded.)