4. Dustin's parents rented a beach house for their son's high school graduation for a group of
friends and their families. All the families chipped in on the cost but Dustin's family paid the
entire bill, $1,750, initially. Dustin's family waited until everyone had paid to pay the credit card
bill. That took all the families 60 days. His parent's card charges 11.5% annual interest. To
calculate the daily rate... 11.5/365. What is his balance after 60 days?