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 June are given to
the right. Assume an annual interest rate of 18%.
Month: June (30 days); previous month's balance: $290
June 13
June 15
June 19
June 27
Made payment of $154
Charged $25 for gasoline
Charged $180 for skis
Made payment of $110
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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