You have a credit card that charges an interest rate of 21.6% compounded monthly. The...
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Finance
You have a credit card that charges an interest rate of 21.6% compounded monthly. The table below shows your activity for the month of April. Date Activity Amount Balance April 1 Beginning Balance 1,300.00 April 10 Purchase 36.20 1,336.20 April 13 Payment 225.00 1,111.20 April 17 Purchase 91.00 1,202.20 April 25 Purchase 16.00 1,218.20 April 30 Purchase 34.60 1,252.80 April 30 Ending Balance 1,252.80 What is the average daily balance for this account? $ What is the finance charge for the month
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