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You have a credit card that charges an interest rate of 1 6 . 9 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.
tableDateActivity,Amount,BalanceApril 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 April?
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