Calvin’s credit card computes finance charges using the daily balance method. his card has a billing cycle of 30 days and an apr of 14.75%. the following table details calvin’s transactions in the month of september.

date: 9/1 amount: $716.54 transaction: beginning balance
date: 9/7 amount $84.94 transaction: purchase
date: 9/12 amount: $15.69 transaction: purchase
date: 9/20 amount: $200.00 transaction: payment

what will calvin’s starting balance be next month?
a.
$617.17
b.
$624.74
c.
$625.91
d.
$623.52

the c. $625.91