Use estimation to select the best response in Problems 7-24. Do not calculate. If your credit card

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Use estimation to select the best response in Problems 7-24.

Do not calculate.

If your credit card balance is \(\$ 952\), you make a \(\$ 50\) payment, the APR is \(12 \%\), and the interest is calculated according to the average daily balance method, then the finance charge is A. \(\$ 9.52\)

B. \(\$ 9.02\)

C. \(\$ 9.06\)

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