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Please solve the following problem The credit card with the transactions described in the popup below uses the average daily balance method to calculate trust
Please solve the following problem
The credit card with the transactions described in the popup below uses the average daily balance method to calculate trust the monthly interest rate is 17% of the average daily balance Calculate parts a d using the statement in the popup E cock the icon to view the credit card statement a. Find the average daily balance for the billing penod Round to the nearest cont The average daily balance for the billing periods Round to the nearest cent as needed b. Find the interest to be paid on July 1, the next billingdale Round to the nearest cont The interest to be paid on July (Use the answer from part to find this answer Round to the nearest cant as needed c. Fnd the balance due on July 1 The balance due on July 1 is (Use the answer from part to find this answer d. This credit card tegunes a $30 minimum monthly payment of the balanced at the end of the billing period is less than 400 otherwise, the nummum monthly payment is of the balance due at the end of the biling period rounded up to the nearest whole dallat What is the murmum marmly payment duen July 9 The minimum monthly payment is 5 use the answer from it to find this wet Round up to the latest dollar Transaction Amount Transaction Description Previous balance, $2648 49 June 1 Billing date June 6 Payment June 8 Charge Gas June 9 Charge: Groceries June 17 Charge: Gas Charge Groceries June 27 Charge Clothing June 30 End of billing period Payment Due Date: July 9 $1200.00 credit $35.59 $137.65 $42.12 $127.88 $21427
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