Calculate the average daily balance, finance charge, and new balance using the average daily balance method. the account balance on june 1st is $104.00. on june 19th a payment of $80.25 is made. monthly rate = 1.25% date payments purchases balance number of days product/sum 6/1 - 6/18 $104.00 18 1,872.00 6/19 $80.25 $23.75 1 23.75 6/20 - 6/30 $23.75 11 261.25 total 30 2,157.00 the average daily balance = 2,157.00 ÷ 30 = $ a0. finance charge = monthly rate * average daily balance = $ a1. new balance = previous balance - payment/credits + finance charge + new purchases = $