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OpenStudy (anonymous):
A credit card calculates interest using the average daily balance method. The card charges 23.4% annual interest rate on the average daily balance. The following transactions occurred during the March 1 – March 31 billing period. this link has the chart
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OpenStudy (anonymous):
OpenStudy (tkhunny):
March 1-4: 6310.00 March 5-5: 6310.00 - 400.00 = 5700.00 ... Continue this way until you know the balance on each day.
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