The average cost of a 4-year college education is projected to be $120,000 in 15 years. How much money should be invested now at 7.5%, compounded quarterly, to provide $120,000 in 15 years? Question On July 1, the beginning of the billing cycle, you have an outstanding balance of $5000. On July 5, you pay off the entire balance and do not use the card again during the month. This card charges an Annual Percentage Rate of 12% 8 points Find the average daily balance for the month of July. Round to the nearest cent. (July has 31 days.) 9 A points What will the finance charge be for the month of July if the card company uses the average daily balance? Round to the nearest cent