For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.2% 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: $753.66 July 6 Billing Date July 16 Payment July 25 Lunch August 5 Concert tickets. $300 $54.30 $77.60 (a) The average daily balance is $ (Round to the nearest cent as needed.). C
For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.2% 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: $753.66 July 6 Billing Date July 16 Payment July 25 Lunch August 5 Concert tickets. $300 $54.30 $77.60 (a) The average daily balance is $ (Round to the nearest cent as needed.). C
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