Question: 42. Using the average daily balance method and the information given, find the credit card finance charge for the month of August (31 days).

42. Using the average daily balance method and the information given, find the credit card finance charge for the month of August (31 days). The annual interest rate is 18%. July 31 The finance charge is $ (Round to the nearest cent.) Balance $190 August 5 Charge $90 August 19 Payment $60 August 20 Charge $111 August 23 Charge $37

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