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You have a credit card that charges an interest rate of 1 5 . 7 5 % compounded monthly. The table below shows your activity
You have a credit card that charges an interest rate of compounded monthly. The table below shows your activity for the month of April.
Date Activity Amount Balance
April Beginning Balance
April Purchase
April Payment
April Purchase
April Purchase
April Purchase
April Ending Balance
What is the average daily balance for this account?
$
What is the finance charge for the month of Aprill?
$
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