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On March 1, Jacques's credit card has a balance of $4,501.00. According to the terms of the card's lending agreement, an interest rate of 12%

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On March 1, Jacques's credit card has a balance of $4,501.00. According to the terms of the card's lending agreement, an interest rate of 12% per year is assessed and the monthly finance charges are calculated using the Average Daily Balance (ADB) including purchases method. During the month, Jacques expects to make the purchases listed below and will make a payment of $337.58 on March 23, and has collected the following additional information: Use the following table to help Jacques estimate his monthly interest charge for March. Finance Charge One way by which Jacques can increase his finance charges, everything else remaining constant, is to: Make fewer, less expensive purchases. Buy a larger number of more expensive items using your card. Make larger or more frequent payments

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