Question: 1. [7 points] The table below shows the activity on the credit card statement of Miss Pepper Corn for the month of May. She started
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1. [7 points] The table below shows the activity on the credit card statement of Miss Pepper Corn for the month of May. She started the month with a balance of $342.63. Round your answers to the nearest cent. (hint: watch the video in the Canvas lesson (4.1 Simple Interest) on calculating average daily balance). a. Make a table showing each transaction to find the average daily balance for the month of May. Below your table, remember to show your work for calculating the average daily balance. Work (5 pts) Replace these words with a cropped picture of your table for question 1.a. Average Daily Balance (0.5 pt) b. If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Corn's finance charge for the month of May. Note: Use the ACTUAL way that credit card companies calculate the Finance Charge (I=Prt) and not the ALEKS way as noted in the lesson in Canvas. The month of May has 31 days and assume it is not a leap year
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