The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is 2.5% of the average daily balance. Calculate parts a-d using the statement on the right Transaction Description Transaction Amount Previous balance, $6250.00 March 1 Billing date March 5 Payment $350.00 credit March 7 Charge: Restaurant $30.00 March 12 Charge: Groceries $70.00 March 21 Charge: Car Repairs $260.00 March 31 End of billing period Payment Due Date: April 9 a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $. (Round to the nearest cent as needed.) b. Find the interest to be paid on April 1, the next billing date. Round to the nearest cent. The interest to be paid on April 1 is $ (Use the answer from part a to find this answer. Round to the nearest cent as needed.) c. Find the balance due on April 1. Enter your answer in each of the answer boxes. c. Find the balance due on April 1. The balance due on April 1 is $ (Use the answer from part to find this answer.) of the balance de the end of the d. This credit card requires a $10 minimum monthly payment if the balance due at end of the billing period is less than $300. Otherwise, the minimum monthly payments biling period, rounded up to the nearest whole dollar. What is the minimum monthly payment due by April 97 The minimum monthly payment is