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Find the average daily balance for the given credit-card account. Assume the billing date is the same day each month, and use the actual number of...
Find the average daily balance for the given credit-card account. Assume the billing date is the same day each month, and use the actual number of days in each month. Then find the finance charge if the previous balance was $734.12 and the interest is 1.1% per month on the average daily balance. Finally, find the balance at the end of the billing cycle.
AUG. 11