You have a credit card that charges an interest rate of 20.05% compounded monthly. The table below shows your activity for the month of April. Date April 1 April 3 April 6 Payment April 15 Purchase April 24 Purchase April 28 Purchase April 30 Ending Balance Activity Beginning Balance Purchase $ Amount Balance 1,125.00 28.60 1,153.60 928.60 97.75 1,026.35 18.00 1,044.35 70.30 1,114.65 1,114.65 -225.00 What is the average daily balance for this account? What is the finance charge for the month of April? 42

You have a credit card that charges an interest rate of 20.05% compounded monthly. The table below shows your activity for the month of Aprit. What is the average daily balance for this account? What is the finance charge for the month of Aprit