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Business, 03.04.2020 20:38 Alexmcmu

Calculate the average daily balance, finance charge, and new balance using the average daily balance method. The account balance on June 1st is $104.00. On June 19th a payment of $80.25 is made. The monthly rate is 1.25%

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Calculate the average daily balance, finance charge, and new balance using the average daily balance...
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