Question: Drill Problem 14-7 (Algo) [LU 14-2 (1)] Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle

Drill Problem 14-7 (Algo) [LU 14-2 (1)] Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle 9/16 Billing date Previous balance $ 900 9/19 Payment $ 49 cr. 9/30 Charge: Home Depot 950 10/3 Payment 49 cr. 10/7 Cash advance 59 Finance charge is 1.5% on average daily balance

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