Find the average daily balance for the following credit card accounts. Assume 1 month between billing dates and find the finance charge using a 23% annual interest rate and the average daily balance method. Round your answers to the nearest cent.
Billing date: June 3 with a balance of$145.60June 11: Payment$35.00June 28: Groceries$121.11Average daily balance is $__________Finance charge is $__________

What will be an ideal response?


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Computer Science & Information Technology

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