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Part $1$

Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of April are given to the right. Assume an annual interest rate of$18\%.$

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Part $1$

$$Month: April$(30$ days$)$; previous$$ month's balance: $$$$250$

April $4$

Charged $$$$32$ for a coat

April $19$

Made payment of $$$$70$

April $22$

Charged $$$$116$ for DVDs

April $28$

Charged $$$$22$ for groceries

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Part $1$

The finance charge is $$$

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enter your response here.

$($Round to the nearest cent as$$ needed.$)$