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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

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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 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: $440 April 14 Charged $50 for a coat April 17 Made payment of $190 April 19 Charged $153 for DVDs Art 27 Charged $28 for groceries The finance charge is $13 {Round to the nearest cent as needed)

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