Refer to Exercise 27. Instead of the previous balance method, suppose that Carol Ann’s bank uses the average daily balance method. 

Reference Exercise 27:

(a) Determine Carol Ann’s average daily balance for the billing period from February 3 to March 3. Assume it is not a leap year.

(b) Determine the finance charge to be paid on March 3.

(c) Determine the balance due on March 3.

(d) Compare these answers with those in Exercise 27.

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February 8 Charge: Art supplies Payment $25.64 February 12 February 14 February 25 100.00 Charge: Flowers delivered Charge: Music CD 67.23 13.90