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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 April are given to the right. Assume an annual interest rate of 18%.

Month: April (30 days); previous month's balance: $560

April 12

Charged $69 for a coat

April 14

Made payment of $120

April 19

Charged $105 for DVDs

April 27

Charged $33 for groceries

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