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Find the average daily balance

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Question - A master card account for one billing period is given below January 30 - Payment - 700.00 February 3 - cars - 378.00

February 17 - notebooks - 640.00

If the billing cycle is January 25 through February 24 (there are 31 days in January), and there was a previous balance of $750, and the annual interest rate is 12% find the following and explain

1) the average daily balance

2) the finance charge

Reference no: EM132820778

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