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On August 1 , the balance on your credit card is $574.79. On August 9 , you make a purchase for $90.95. On August 14
On August 1 , the balance on your credit card is $574.79. On August 9 , you make a purchase for $90.95. On August 14 , you make a payment of $275. On August 18, you make a purchase for $109.68. Assume the billing date is the 1 st of the month and the monthly finance charge is 2.2%. What is the average daily balance? \$ What is the monthly finance charge? \$ What is the balance at the start of the next month? \$
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