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Please solve step by step 4) A credit card statement showed these transactions during October. 4) October 1 Previous balance $348.34 October 2 Purchases $71.04

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4) A credit card statement showed these transactions during October. 4) October 1 Previous balance $348.34 October 2 Purchases $71.04 October 29 Payment $165.00 The credit card has an interest rate of 13% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]

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