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25-04-2024
Mathematics

Answered

Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $120 and the following activity. (Round your answer to the nearest cent.)
Date Activity Amount
October 3 Cash advance $50.00
October 7 Payment $75.00
October 10 Purchase $27.59
October 16 Credit $30.00
October 25 Purchase $124.60
average daily balance = $

Answer :

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