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Johns July 5 balance on a credit card was $550. A payment of $500 was made on July 22, and a charge of $200 was
Johns July 5 balance on a credit card was $550. A payment of $500 was made on July 22, and a charge of $200 was made on July 25. If the finance charge is based on 12% find: a) the average daily balance on August 5 b) the finance charge for the month c) the unpaid balance on August 5 Be sure to label your answers a), b), and c)
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