The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance....


The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of<br>the average daily balance. Calculate parts a-d using the statement in the popup.<br>EClick the icon to view the credit card statement.<br>.....<br>a. Find the average daily balance for the billing period. Round to the nearest cent.<br>The average daily balance for the billing period is $<br>(Round to the nearest cent as needed.)<br>Credit card statement<br>Transaction Description<br>Previous balance, $2647.59<br>Billing date<br>Payment<br>Charge: Gas<br>Charge: Groceries<br>Charge: Gas<br>Charge: Groceries<br>Charge: Clothing<br>June 30 End of billing period<br>Payment Due Date: July 9<br>Transaction Amount<br>June 1<br>$1200.00 credit<br>$34.38<br>$136.53<br>$41.64<br>$127.54<br>$215.18<br>June 6<br>June 8<br>June 9<br>June 17<br>June 27<br>Print<br>Done<br>

Extracted text: The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. EClick the icon to view the credit card statement. ..... a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ (Round to the nearest cent as needed.) Credit card statement Transaction Description Previous balance, $2647.59 Billing date Payment Charge: Gas Charge: Groceries Charge: Gas Charge: Groceries Charge: Clothing June 30 End of billing period Payment Due Date: July 9 Transaction Amount June 1 $1200.00 credit $34.38 $136.53 $41.64 $127.54 $215.18 June 6 June 8 June 9 June 17 June 27 Print Done

Jun 06, 2022
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