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MY NOTES Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and

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MY NOTES Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answer to the nearest cent.) $850 balance, 16%, 5800 payment; average daily balance method Need Help? Read it

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