Question: Use the following activity chart to find the average daily balance, finance charge, and unpaid balance for July. The monthly interest rate is 1.75%. The

Use the following activity chart to find the average daily balance, finance charge, and unpaid balance for July. The monthly interest rate is 1.75%. The billing cycle has 31 days.

Date Posted July 1 July 5 July 16 July 26 Activity Billing date Payment Purchase Purchase Amount Previous balance $441.05 $75.00 23.50 31.40

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July 1July 4 441054 176420 44105 75 36605 July 5July 15 3660511 ... View full answer

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