Mathematics, 05.03.2020 20:02 genyjoannerubiera

Calculate the average daily balance, finance charge, and new balance using the average daily balance method.

Monthly rate = 1.75%

The average daily balance = ? ÷ 30 = $?
Finance charge = monthly rate x average daily balance = $?

New balance = previous balance - payment/credits + finance charge + new purchases = $.?

Calculate the average daily balance, finance charge, and new balance using the average daily balance

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