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Use the average daily balance method to compute the finance charge on the credit card account for the month of August Data (1 day) The
Use the average daily balance method to compute the finance charge on the credit card account for the month of August Data (1 day) The starting balance from the previous month $250. The transactions on the account for the month are given August 7 Made payment of $82 in the table to the right. Assume an annual interest rate of 20% on the account and that the billing date is August August 15 Charged 5125 for hiking boots August 16 Charged $20 for gasoline August 20 Charged $25 for restaurant meal The finance charge for the month of Augusti (Round to the nearest contas needed
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