31 Day Billing Cycle. On July 8 the previous balance on a credit card was...
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31 Day Billing Cycle. On July 8 the previous balance on a credit card was $328. A payment of $270 was made on July 20, and a charge of $169.88 was made on July 16th. If the finance charge is 1 1/2% based on the average daily balance, find the finance charge for the month.
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