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: $540
April 13
April 17
April 20
April 27
Charged $69 for a coat
Made payment of $320
Charged $183 for DVDs
Charged $37 for groceries
The finance charge is $
(Round to the nearest cent as needed.)
 Use the average daily balance method to compute the finance charge

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