Find the average daily balance for the following credit card account. Assume 1 month between billing dates and find the finance charge using a 21% annual interest rate and the average daily balance method. Round your answers to the nearest cent.
Billing date: January 3 with a balance of$481.97January 3: Plane ticket$458.54January 7: Payment$360.00January 30: Purchase$55.00Average daily balance is $__________Finance charge is $__________
What will be an ideal response?
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Computer Science & Information Technology
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