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Mateo has a credit card with an annual percentage rate of 17.3%. The finance charge is calculated using the average daily balance method. On June
Mateo has a credit card with an annual percentage rate of 17.3%. The finance charge is calculated using the average daily balance method. On June 1 his previous month's balance was $348.20. On June 9 a payment of $52 was processed. Mateo charged $73.41 for groceries on June 17. On June 25 he bought an airplane ticket for $275 using his credit card. What is the finance charge for June? What is Mateo's new balance as of July 1? $
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