Reids credit card cycle ends on the 25th of every month. The interest rates on Reids Visa card are 21.99% and the billing cycle runs from the 26th of a month to the 25th of the following month. At the end of July 26-August 25 billing cycle, reids balance was $5,000. During the next billing cycle (August 26-sept 25) reid made 3 purchases with the amounts and dates shown below. On sept 22, Reid made an online payment 200 that was credited towards his balance on the same day.

Date of Purchase	Amount of Purchase/ Payment
8/31	148.55
9/21	30.00
9/19	103.99
9/22	Payment of 200

A) Find the AVERAGE DAILY BALANCE on the credit card account for the billing cycle from august 26- September 25. To do this, complete the table below to keep track of the information

Time Period	Daily Balance	Number of Days
August 26-30

B) Now find the PERIODIC INTREST RATE

C) Determine the INTREST RATE CHARGED for the billing cycle Aug 26- September 25

D) Determine the NEW BALANCE ON THR ACCOUNT at the end of aug 26- September 25 billing cycle