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

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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: $550 April 14 Charged $80 for a coat April 16 Made payment of $380 April 20 Charged $106 for DVDs April 29 Charged $46 for groceries The finance charge is $ . (Round to the nearest cent as needed.) C

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