Mathematics, 29.03.2022 01:00 dijonmckenzie3
Calculate the average daily balance, finance charge, and new balance using the average daily balance method. Round all dollar amounts to the nearest cent. If applicable, include a thousands comma. Monthly rate: 1.75% Date Payments Purchases Balance Number of Days Product 9/1-9/5 $387.525 1,937.60 976 $50.00 $337.521 337.52 977 - 9/18 A В С 9/19 $62.66 $400.181 400.18 9/20-9/30 D E F Total 30 G A= $ BE C= $ D=$ E= F=$ G=$ Average daily balance : 30 = $ Finance charge = monthly rate x average daily balance = $ New balance = previous balance payment/credits + finance charge + new purchases = $
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Calculate the average daily balance, finance charge, and new balance using the average daily balance...
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