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Let's say that you have a credit card account that just provided the updated statement. It shows that your current balance after your last transaction

Let's say that you have a credit card account that just provided the updated statement. It shows that your current balance after your last transaction is $425.62 and as you continue to read the statement it also shows an average daily balance of $453.61. You know that your monthly interest rate is 2.25% since your annual rate is 27%. What will your finance charge show?

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$10.21

$9.58

$122.47

$114.92

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