Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of April are given to the right. Assume an annual interest rate of18%. Month: April (30 days); previous month's balance: $560 April 12 Charged $69 for a coat April 14 Made payment of $120 April 19 Charged $105 for DVDs April 27 Charged $33 for groceries
