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Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions
Use the average daily balance method to compute the finance charge on the credit card account for the
previous month. The starting balance and transactions on the account for the month of June are given to
the right. Assume an annual interest rate of
Month: June days; previous month's balance: $
June
June
June
June
Made payment of $
Charged $ for gasoline
Charged $ for skis
Made payment of $
The finance charge is $
Round to the nearest cent as needed.
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