Calvin’s credit card computes finance charges using the daily balance method. His card has a billing cycle of 30 days and an APR of 14.75%. The following table details Calvin’s transactions in the month of September. Date
Amount ($)
Transaction
9/1
716.54
Beginning balance
9/7
84.94
Purchase
9/12
15.69
Purchase
9/20
200.00
Payment

What will Calvin’s starting balance be next month?
a.
$617.17
b.
$624.74
c.
$625.91
d.
$623.52