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Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 1 . 2 % . The itemized

Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 1.2%. The itemized billing for the month of April is shown below.
Detail Date Amount
Unpaid balance April 1 $245
Charge April 3 $155
Charge April 11 $905
Charge April 15 $740
Payment received April 28 $95
Last day of billing period April 30
Payment due date May 7
(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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