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You have a credit card that charges an interest rate of 18.65% compounded monthly using the average daily balance method. The table below shows your
You have a credit card that charges an interest rate of 18.65% compounded monthly using the average daily balance method. The table below shows your activity for the month of April. Date Activity April 1 Beginning Balance April 10 Purchase April 15 Payment April 19 Purchase April 22 Purchase April 29 Purchase April 30 Ending Balance Amount Balance 725.00 44.30 769.30 -250.00 519.30 88.75 608.05 15.00 623.05 59.80 682.85 682.85 What is the average daily balance for this account? S What is the finance charge for the month of April
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