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Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 1.95%. The itemized billing for the month

Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 1.95%. The itemized billing for the month of April is shown below.

Detail Date Amount
Unpaid balance April 1 770
Charge April 3 680
Charge April 11 740
Charge April 15 170
Payment received April 28 695
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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