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Assume no purchases or returns are made in the exercise given below. At the beginning of a  31-day billing period, Sandra Lazzaro has an unpaid balance of $850 on her credit card. Three days before the end of the billing period, she pays $400. Find her finance charge at 3.2% per month using the average daily balance method.

The finance charge for Sandra Lazzaro is $____.

 
 Dec 6, 2017

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