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%. The finance charge is $ (Round to the nearest cent as needed.) ... Month: April (30 days); previous month's balance: $190 April 4 April 17 April 20 April 28 Charged $90 for a coat Made payment of $60 Charged $154 for DVDs Charged $35 for groceries

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: $190 April 4 Charged $90 for a coat April 17 Made payment of $60 April 20 Charged \$154 for DVDs April 28 Charged $35 for groceries The finance charge is $ (Round to the nearest cent as needed.)