James has a revolving credit account at an annual percentage rate of 18%. Use the...
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Accounting
James has a revolving credit account at an annual percentage rate of 18%. Use the average daily balance method to find the new balance given the following activity:
Statement of Account Billing Cycle: May 1-31
May 1
Balance
$279.28
May 9
Payment
45.30
May 18
Yo Yogurt (credit)
65.83
May 26
Fresh Flowers
92.33
May 30
Liu Printing
81.88
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