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For the credit card account, assume one month between billing dates  (with the appropriate number of days) and interest of 1.5% per month on the average daily balance. Find (a) the average daily balance, (b) the monthly finance charge, and (c) the account balance for the next billing.

Previous  Balance: $457.33

 

January 10 Billing Date

January 13 Returns $102.89

January 22 Clothes $132.53

January 25 Bus tickets $79.78

February 2 Payment $105

February 6 Flowers $52.47

 

(a) The average daily balance is $___

​(b) the monthly finance​charge $____

(c) the account balance for the next billing. $_____

(Round to the nearest cent as  needed.)

ladiikeiii  Dec 5, 2017
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Do exactly the same with this one as "Guest" showed you how to do the other one. Just change the numbers.

Guest Dec 6, 2017

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