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On September 7​, the billing​ date, Verna had a balance due of ​$565.85 on her credit...

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Finance

On September 7​, the billing​ date, Verna had a balance due of​$565.85 on her credit card. Assume that the interest rate is​ 1.1%per month. Suppose that​ Verna's bank uses the average dailybalance method. Answer parts​ (a) through​ (d). Sept. 11 Payment​$280.00 Sept. 23 ​Charge: Airline ticket ​$332.00 Sept. 24​Charge: Hotel bill ​$190.01 Oct. 2 ​Charge: Clothing ​$84.91 ​a)Determine​ Verna's average daily balance for the billing periodfrom September 7 to October 7. The average daily balance for thebilling period was ​$

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