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The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is

The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.6% of the average daily balance. Calculate parts a-d using the statement in the popup. Transaction Description
Transaction Amount
Previous balance, $
June 1
Billing date
June 6
Payment
$ credit
June 8
Charge: Gas
$
June 9
Charge: Groceries
$
June 17
Charge: Gas
$
Charge: Groceries
$
June 27
Charge: Clothing
$
June 30
End of billing period
Payment Due Date: July 9

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