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it Cards K HW Score: 31.25%, 1.25 of Question 1, 8.8.1 Part 1 of 4 4 points The credit card with the transactions described
it Cards K HW Score: 31.25%, 1.25 of Question 1, 8.8.1 Part 1 of 4 4 points 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 Transaction Description Points: 0 of 1 Previous balance, $6220.00 March 1 Billing date March 5 Payment March 7 Charge: Restaurant Transaction Amount $400.00 credit 350.00 March 12 Charge: Groceries $100.00 March 21 Charge: Car Repairs $240.00) Find the average daily balance for the billing period. Round to the nearest cent View an example Get more help- D O T 3 G H B Z 7 IC M Clear all Check * uses the average daily balance Previous balabce, $6220.00 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.) w an example Get more help Clear all 6 29 9 R Y F G H 3 K L B N M 4
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