Question: Use the average daily balance method to compute the amount of interest that will be charged at the end of the billing cycle. Use a

Use the average daily balance method to compute the amount of interest that will be charged at the end of the billing cycle. Use a 365-day year.
Month: April (30 days)
Previous month's balance: $950
Interest rate: 22%
\table[[Date,Transaction],[April 3,purchase of $101
Use the average daily balance method to compute the amount of

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