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You have a credit card that charges an interest rate of 16.2% compounded monthly. The table below shows your activity for the month of April.

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You have a credit card that charges an interest rate of 16.2% compounded monthly. The table below shows your activity for the month of April. Date Activity April 1 Beginning Balance April 8 Purchase April 13 Payment April 15 Purchase April 18 Purchase April 30 Purchase April 30 Ending Balance Amount Balance 1,375.00 30.20 1,405.20 -200.00 1,205.20 97.00 1,302.20 17.00 1,319.20 45.70 1,364.90 1,364.90 What is the average daily balance for this account? What is the finance charge for the month of April? Question Help: Message instructor Submit

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