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July 7 Billing Date July 19 Payment July 28 Lunch August 2 Concert tickets $200 $45.88 $73.66 For the credit card account, assume one month
July 7 Billing Date July 19 Payment July 28 Lunch August 2 Concert tickets $200 $45.88 $73.66 For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.6% per month on the average daily balance. Find (a) the average daily balance, (b) the monthly finance charge, and (c) the account balance for the next billing. Previous Balance: $738.58 (a) The average daily balance is S (Round to the nearest cent as needed.) C Save
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