Use the average daily balance method to compute the finance charge on the credit card account for the month of August $(31$ days$).$ The starting balance from the previous month is $$240.$ The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of $20\%$ on the account and that the billing date is August $1$st$.$

$\backslash$table$[[$Date$,$Transaction$],[$August $5,$Made payment of $$88$