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On May 1 , the balance on your credit card is $573.26. On May 6 , you make a purchase for $102.55. On May 9
On May 1 , the balance on your credit card is $573.26. On May 6 , you make a purchase for $102.55. On May 9 , you make a payment of $300. On May 17 , you make a purchase for $22.16, and on May 28 , you make a purchase for $41.78. Assume the billing date is the 1 st of the month and the monthly finance charge is 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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