For the credit card account, assume one month between billing dates (with the appropriate number...
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Finance
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: $456.81 January 13 Billing Date January 16 Returns $103.86 January 22 Clothes $116.49 January 27 Bus tickets S73.75 February 3 Payment $110 February 6 Flowers $65.27 (a) The average daily balance is $ (Round to the nearest cent as needed.)
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