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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. The balance at the end of March was $6290.00, and the interest to be paid on April 1 is $122.22. Find the balance due on April 1. Round to the nearest cent.
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