Use estimation to select the best response in Problems 7-24. Do not calculate. In an application of

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

Do not calculate.

In an application of the average daily balance method for the month of August, \(t\) is 

A. \(\frac{1}{12}\)
B. \(\frac{30}{365}\)
C. \(\frac{31}{365}\)

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