According to the credit calendar below, what is the average daily balance?
What will be an ideal response?
$713.50; Add all the daily balances and divide by the number of days in the billing cycle, 30.
(640 ´ 8) + (765 ´ 5) + (820 ´ 3) + (720 ´ 14) = 21,485 ÷ 30 = $716.17
Mathematics
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A. 
B. 
C. 
D. 
E. 
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