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On November 1st, Ava’s credit card has a balance of $4,501.00.According to the terms of the card’s lending agreement, an interestrate of 18% per year is assessed and the monthly finance chargesare calculated using the Average Daily Balance (ADB) includingpurchases method.During the month, Ava expects to make the purchases listed belowand will make a payment of $337.58 on November 25thth, and hascollected the following additional information:DatePurchasesNovember 5$1,835.95November 1555.60November 1963.10November 27447.77Additional InformationMonthly interest rate1.50%Beginning card balance$4,501.00Days in the month30Use the following table to help Ava estimate her monthlyinterest charge for November.DatesNumber of DaysDaily BalanceCalculated Value11/ - 11/11/ - 11/11/ - 11/11/ - 11/11/ - 11/11/ - 12/TotalAverage Daily Balance With PurchasesFinance ChargeOne way by which Ava can reduce her finance charges, everythingelse remaining constant, is to:Make more, even more expensive purchasesMake smaller paymentsRequest a lower interest rate on her credit card