Question: Using the average daily balance method and the information given, find the credit card average daily balance for the month of August (31 days). The

Using the average daily balance method and the information given, find the credit card average daily balance for the month of August (31 days). The annual interest rate is 18%.

(Round to the nearest cent.)

July 31

Balance

$310

August 9

Charge

$87

August 10

Payment

$290

August 17

Charge

$173

August 27

Charge

$44

The average daily balance for the month of August is.?

.

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