Leonel Melendez

Mathematics

13 April, 01:33

Lee has a credit card with a 22.3% APR and a 30-day billing period that uses the average daily balance method to calculate the finance charge. His daily balances for one billing period are shown in the following chart. Lee had a previous balance of $445.93, made a payment of $350, and has new purchases that total $1,643.57. Determine Lee's average daily balance.

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