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The balance on Ramon Felipe's credit card on January
15, his billing date, was $240.93. For the period ending
February 15, Ramon had the following transactions to the
right.
a) Find the average daily balance for the billing period.
b) Find the finance charge to be paid on February 15.
Assume an interest rate of 1.2% per month.
c) Find the balance due on February 15.
a) The average daily balance for the billing period was
(Round to the nearest cent as needed.)
b) The finance charge to be paid on February 15 is S
(Round to the nearest cent as needed.)
c) The balance due on February 15 is S
(Round to the nearest cent as needed.)
27
January 22
January 30
7
Charge:
Restaurant meal
Payment
Lawn ornaments
February 14 Charge:
Microwave oven
$41.33
$200.00
$55.94
$193.52

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