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Question 13 T < > You have a credit card that charges an interest rate of 7.1% compounded monthly. The table below shows your
Question 13 T < > You have a credit card that charges an interest rate of 7.1% compounded monthly. The table below shows your activity for the month of April. Date Activity Amount Balance April 1 Beginning Balance 1,025.00 April 5 Purchase 29.50 1,054.50 April 13 Payment -250.00 804.50 April 17 Purchase 82.25 886.75 April 22 Purchase 20.00 906.75 April 25 Purchase 64.40 971.15 April 30 Ending Balance 971.15 What is the average daily balance for this account? How much interest is owed this month? How much total money is owed at the end of the month?
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