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QUESTION

For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.6% per month on the...

For the credit card​ account, assume one month between billing dates​ (with the appropriate number of​ days) and interest of

per month on the average daily balance. Find ​(a) the average daily​ balance, ​(b) the monthly finance​ charge, and ​(c) the account balance for the next billing.

Previous​ Balance: $484.59

January 13   Billing Date

January 15   Returns   ​$104.85

January 21   Clothes   ​$114.66

January 27   Bus tickets  ​$68.71

February 3     Payment  ​$135

February 6    Flowers  ​$53.13

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