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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 interost rate is

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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 interost rate is 1.6 % of the average daily balance. Calculate parts a d using the statement in the popup Cick the icon to view the credit card statement a. Find the average daily balance for the billing period Round to the nearest cont The average daly balance for the biling period is $ (Round to the nearest cont as noeded) b. Find the inerest to be paid on July 1, the next billing dale Round to the nearest cent The interest to be paid on July 1 is S (Use the answer from part a to find this answer. Round to the nearest cent as needed) c. Find the balance due on July 1 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 daly balance Calculate parts ad using the statement in the popup- Click the icon to view the credt card statement C. Fina tne Daance aue on JUry T The balance due on July 1 is $ (Use the answer from partb to find this answer.) Otherwise, the minimum monthly payment is of d. This credit card requires a $30 minimum monthly payment if the balance due at the end of the billing period is less than $400 25 What is the minimum monthly payment due by July 97? the balance due at the ond of the billing period, rounded up to the nearost whole dollar. The minimum monthly payment is $ (Use the answer from part c to find this answor Round up to the nearest dollar) Transaction Description Previous balance, $2645.92 June 1 June 6 June 8 June 9 June 17 Charge: Gas Transaction Amount Billing date Payment Charge: Gas Charge: Groceries $1300.00 credit $35.93 $136.68 $42.37 $126.47 $215.12 Charge: Groceries Charge: Clothing End of billing period June 27 June 30 Payment Due Date: July 9 Print Done

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