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The billing cycle for Pamela's credit card begins on June 2nd, 2015 and ends on July 1st 2015. She is carrying a balance of $750

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The billing cycle for Pamela's credit card begins on June 2nd, 2015 and ends on July 1st 2015. She is carrying a balance of $750 from the previous billing cycle. During the current billing period, the following transactions occurred. The annual interest rate is 19.5% (June has 30 days). Calculate her average daily balance and the finance charge that will be assessed, if the statement balance is not paid in full by the due date. Post date 6/5/15 Amount -- $75.00 Description Payment to this card from your savings Starbucks Starbucks Gas 6/10/15 6/12/15 6/20/15 $4.89 $4.89 $42.31 Date Range # of days Balance Average Daily Balance = Finance Charger

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