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Round to the nearest cent. The unpaid balance in an account on December 1 was $103. A payment of $55 was made on December 16.

Round to the nearest cent. The unpaid balance in an account on December 1 was $103. A payment of $55 was made on December 16. The interest rate per month was 1.75% per month of the average daily balance. Find the finance charge for the month of December.

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