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Please show the work. 12. Using the average daily balance method and the information given, find the credit card finance charge for the month of
Please show the work.
12. Using the average daily balance method and the information given, find the credit card finance charge for the month of August (31 days). The annual interest rate is 18%. July 31 August 14 August 16 August 18 August 23 Balance Charge Payment Charge Charge $220 $93 $210 $142 $43 The finance charge is $ (Round to the nearest cent.)Step by Step Solution
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