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Finance 14 Online
OpenStudy (anonymous):

A credit card calculates interest using the average daily balance method. The card charges 19.1% annual interest rate on the average daily balance. The following transactions occurred during the March 1 – March 31 billing period. The average daily balance for the billing period is $6,205.16. Find the interest to be paid on April 1, the next billing date. Round to the nearest cent.

OpenStudy (anonymous):

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