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(Solved): A credit card bill for $856.20 was due on July 15. The next due date was August 15. The table below ...



A credit card bill for $856.20 was due on July 15. The next due date was August 15. The table below shows purchases and payments made during that time. Date Purchase or payment Date Purchase or payment 7/19 115.59 8/6 126.99 7/24 29.09 8/7 60.00 7/25 110.51 8/7 107.60 7/26 35.97 8/8 141.35 7/26 53.59 8/8 51.96 7/27 86.46 8/9 142.09 7/29 ?475.00 8/10 48.09 7/30 29.12 8/11 85.70 8/4 72.96 8/13 144.39 8/5 21.52 8/14 105.53 Calculate the finance charge based on the average daily balance and an annual interest rate of 20.3%. (Round your answer to the nearest cent.)



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Date Particulars Amount Days till month end Weighted average 15-Jul Opening balance $856.20 31 $26,542.20 19-Jul Purchase $115.59 27 $3,120.93 06-Aug
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