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OpenStudy (anonymous):
A credit card calculates interest using the average daily balance method. The card charges 13.5% annual interest rate on the average daily balance. The following transactions occurred during the June 1 – June 30 billing period. The balance at the end of June was $2,107.24. The interest to be paid on July 1 is $21.86. Find the balance due on July 1. Round to the nearest cent.
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