Question: Question 2 - (20 points)- From the personal transactions below of Jane Simpson, please calculate the average daily balance. Ms. Simpson calculates that the average

Question 2 - (20 points)- From the personal transactions below of Jane Simpson, please calculate the average daily balance. Ms. Simpson calculates that the average daily balance should be $877.67. Is she correct? Whether she's right or not show all calculations. If she's not correct, then what did she do wrong in her calculations? (Hint: I'm not asking you to calculate finance charge or total owed. All you need do is tell me if the average daily balance that Jane calculated is correct or incorrect, and tell me why) 28-Day Billing Cycle 3/18 Billing Date Previous Balance $800 3/24 Payment $60 credit 3/29 Sears Charge $250 4/5 Payment $20 credit 4/9 Macy's Charge $200

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