Suppose the charge account of Black's Mailing Service at the local supply store had a...
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Accounting
Suppose the charge account of Black's Mailing Service at the local supply store had a 1.2% interest rate per month on the average daily balance. Find the Black's finance charge on April 1 if Black's had an unpaid balance on March 1 of $131.21, a payment of $25.00 posted on March 12, and a purchase of $25.83 posted on March 21. The billing cycle ends March 31. The Black's finance charge is \$ (Round to the nearest cent as needed.)
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