On June 1, Teresa's credit card has a balance of $1,125.25. According to the terms of the card's lending agreement, an interest rate of 20% per year is assessed and the monthly finance charges are calculated using the average Daily Balance (ADB) including purchases method, During the month, Teresa expects to make the purchases listed below and will make a payment of $34.39 on June 24, and has collected the following additional information: Date June June 10 June 22 Purchases $102.39 1.722.13 1.134.19 15.13 June 28 Additional Information Monthly interest rate 1.675 Beginning card balance 51,125,25 Days in the month 30 Use the following table to help Teresa estimate her monthly interest charge for June. Dates Calculated Value Number of Days Daily Balance $1,125.25 7 6/2 - 6/8 6/9 - 6/10 6/11 - 6/22 2 12 2 6/23 - 6/24 6/25 - 6/28 6/29 - 6/1 4 3 30 Total Average Daily Balance With Purchases Finance Charge $2,756 32 $45 14 One way by which Teresa can reduce her finance charges, everything else remaining constant, is to: O Make more, even more expensive purchases. O Make smaller payments. Request a lower interest rate on her credit card