Dallas Pierce’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas’s average daily balance, finance charge, and new balance.
30-day billing cycle
9/2
Billing date
$
1,070
previous balance
9/7
Payment
260
cr.
9/13
Charge: Kohl’s
450
9/17
280
9/28
Charge: WalMart
95
Average daily balance
Finance charge
New balance
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