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Use the average daily balance method to compute the finance charge on the credit card account...

Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of April are given to the right. Assume an annual interest rate of​ 18%.

Month: April (30 days); previous month's balance: $480

April 11 Charged $70 for a coat
April 17 Made payment of $120
April 20 Charged $138 for DVDs
April 29 Charged $38 for groceries
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