K Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of June are given to the right. Assume an annual interest rate of 18%. The finance charge is $ (Round to the nearest cent as needed.) Month: June (30 days); previous month's balance: $500 June 12 June 17 Made payment of $332 Charged $25 for gasoline June 21 June 26 Charged $109 for skis Made payment of $120.