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You want to calculate the interest charge on your credit card for the previous month. Your card issuer uses the average daily balance method. For
You want to calculate the interest charge on your credit card for the previous month. Your card issuer uses the average daily balance method. For the first fifteen days of the month your balance was $800 and for the last fifteen days your balance was $1200. The monthly interest rate is 2.7%. Your finance charge for the month is closest to
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