Question: Question Help 8.3.35 Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting

 Question Help 8.3.35 Use the average daily balance method to compute

Question Help 8.3.35 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% Month: April (30 days): previous month's balance: $490 April 7 Charged $91 for a coat April 12 Made payment of $410 April 23 Charged $119 for DVDs April 26 Charged $30 for groceries The finance charge is $ (Round to the nearest cent as needed.)

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