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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
Month: April days; previous month's balance: $
April
Charged $ for a coat
April
Made payment of $
April
Charged $ for DVDs
April
Charged $ for groceries
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