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Mathematics, 21.07.2020 16:01 alexanderickh1
Tom Jones has a revolving credit account with an annual percentage rate of 18%. Tom's balance at the end of July was $728.15. The activity for the month was recorded: August 10, a purchase of $136.19 August 15, a payment of $292 August 23, a purchase of $386.78. The billing date is the first day of the month and the billing cycle is the number of days in that month. Determine the average daily balance for August? Round to the nearest cent.
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Tom Jones has a revolving credit account with an annual percentage rate of 18%. Tom's balance at the...
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