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Use the average daily balance method to compute the finance charge on the credit card...

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Accounting

Use the average daily balance method to compute the finance charge on the credit card account for the month of August (31 days). The starting balance from the previous month is $290. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 23% on the account and that the billing date is August 1 st.
\table[[Date,Transaction],[August 6,Made payment of $75,C],[August 10,Charged $150 for hiking boots,C],[August 15,Charged $16 for gasoline,C],[August 31,Charged $33 for restaurant meal,15]]
The finance charge for the month of August is $
(Round to the nearest cent as needed.)
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