Question
Asked Nov 5, 2019
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A credit card account had a $243 balance on March 5. A purchase of $179 was made on March 12, and a payment of $125 was made on March 28. Find the average daily balance if the billing date is April 5. (Round your answer to the nearest cent.)

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Expert Answer

Step 1

From March 5 to March 12, the balance of account is $243 for 7 days.

From March 12 to March 28, the balance of account is ($243 ...

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