Question: 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

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: $350

April 11 Charged $61 for a coat

April 19 Made payment of $80

April 22 Charged $175 for DVDs

April 27 Charged $24 for groceries

The Finance charge is ___?

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