Daniel had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge.
His APR is 18.8%
His daily balances were:
3 days at $229.75
8 days at $326.05
9 days at $114.40
10 days at $583.05
What is Daniel's finance charge for the month?
