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On February 4 , the billing date, Carol Ann Bluesky had a balance due of $ 1 2 4 . 5 7 on her credit
On February the billing date, Carol Ann Bluesky had a balance due of $ on her credit card. Her bank charges an interest rate
of per month and uses the average daily balance method. She made the transactions described in the table during the month.
a Find Carol Ann's average daily balance for the billing period from February to March Assume it is not a leap year.
b Find the finance charge to be paid on March
c Find the balance due on March
d Compare the result obtained to those obtained using the previous balance method.
a The average daily balance for the billing period was $
Round to the nearest cent as needed.
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