the answers shown are correct, please provide a detailed explanation on the steps to reach the answers provided.

On September 7, the billing date, Vema had a balance due of $562.57 on her credit card. Assume that the interest rate is 1.1% per month. Suppose that Verna's bank uses the average daily balance method. Answer parts (a) through (d). a) Determine Verna's average daily balance for the billing period from September 7 to October 7. The average daily balance for the billing period was $546.86. (Round to the nearest cent as needed.) b) Determine the finance change to be paid on October 7. The finance charge to be paid on October 7 is $6.02. (Round to the nearest cent as needed.) c) Determine the balance due on October 7. The balance due on October 7 is $912.31. (Round to the nearest cent as needed.) d) Using the previous balance method, the finance charge is $6.19 and the balance due is $912.48. How do the results obtained using the average daily balance method compare to those obtained using the previous balance method? The results using the average daily balance method are less than those obtained using the previous balance method