Find the average daily balance for the given credit-card account. Assume the billing date is the same day each month, and use the actual number of days in each month. Then find the finance charge if the previous balance was $956.32 and the interest is 1.7% per month on the average daily balance. Finally, find the balance at the end of the billing cycle. The average daily balance is $ May 17 May 19 May 25 May 28 June 3 June 6 June 10 June 14 Billing Date Mail Order Returns Wine Payment Returns Birthday Gift Cash Advance (Round to the nearest cent as needed.) XXX $31.33 $ 30.21 $ 30.41 $128 $75.55 $120 $150

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Your Question:
Find the average daily balance for the given
credit-card account. Assume the billing date is the
same day each month, and use the actual number
of days in each month. Then find the finance charge
if the previous balance was $956.32 and the interest
is 1.7% per month on the average daily balance.
Finally, find the balance at the end of the billing
cycle.
The average daily balance is $
May 17
May 19
May 25
May 28
June 3
June 6
June 10
June 14
Billing Date
Mail Order
Returns
Wine
Payment
Returns
Birthday Gift
Cash Advance
(Round to the nearest cent as needed.)
XXX
$31.33
$ 30.21
$ 30.41
$128
$75.55
$120
$150
Transcribed Image Text:Find the average daily balance for the given credit-card account. Assume the billing date is the same day each month, and use the actual number of days in each month. Then find the finance charge if the previous balance was $956.32 and the interest is 1.7% per month on the average daily balance. Finally, find the balance at the end of the billing cycle. The average daily balance is $ May 17 May 19 May 25 May 28 June 3 June 6 June 10 June 14 Billing Date Mail Order Returns Wine Payment Returns Birthday Gift Cash Advance (Round to the nearest cent as needed.) XXX $31.33 $ 30.21 $ 30.41 $128 $75.55 $120 $150
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