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Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 1.5%. The itemized billing for the month
Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 1.5%. The itemized billing for the month of April is shown below. (a) Find the average daily balance. $ (b) Find the interest due for this month. \$ (c) Find the total balance owed on the last day of the billing period. $ (d) This credit card requires a $20 minimum payment or 1/36 of the amount due, whichever is higher. What is the minimum monthly payment due for this month? \$
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