Please help I’m in a quiz rn Calculate the average daily balance, finance charge, and new balance using the average dally balance method. Monthly rate = 1.75%
Date
Payments Purchases
Balance
Number of Days Product/Sum
9/1 - 975
$387.52
5
$1,937.60
9/6
$50.00
$337.52
1
$337.52
✓
9/7 - 9/18
$
$
9/19
$62.66
$400.18
1
$400.18
9/20 - 9/30
$
$
v
Total
30
$
The average daily balance
+30 = $
Finance charge = monthly rate x average daily balance = $
lew balance = pre
balance - payment/credits + finance charge + new purchases = $