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: $480

April 11	Charged $70 for a coat
April 17	Made payment of $120
April 20	Charged $138 for DVDs
April 29	Charged $38 for groceries