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On November 1, the balance on your credit card is $533.76. On November 6, you make a purchase for $49.30. On November 8, you make
On November 1, the balance on your credit card is $533.76. On November 6, you make a purchase for $49.30. On November 8, you make a payment of $155. On November 12, you make a purchase for $76.51, and on November 25, you make a purchase for $32.64.
On November 1 , the balance on your credit card is $533.76. On November 6 , you make a purchase for 49.30. On November 8, you make a payment of $155. On November 12 , you make a purchase for $76.51, and on November 25 , you make a purchase for $32.64. Assume the billing date is the 1st of the month and the monthly finance charge is 1.7%. What is the average daily balance? \$ What is the monthly finance charge? \$ What is the balance at the start of the next month? \$Step by Step Solution
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