in April. Also, a purchase increases the unpaid balance, and apayment decreases the unpaid balance. (b) Find the average daily balance. Write your answer to the nearest cent. (c) Suppose the credit card company charges an interest rate of 1.7% on the average daily balance for April foundin part (b). How much interest will be charged? Write your answer to the nearest cent. (d) What will Eric's beginning balance be for the month of May (including the interest for April found in part (c))?
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