To Calculate the Average Daily Balance, Use the Following Formula $$\text { Average Daily Balance } = \frac { \text { sum of the daily balances } } { \text { days in billing cycle } }$$

question 71

True/False

To calculate the average daily balance, use the following formula:
? $$\text { Average Daily Balance } = \frac { \text { sum of the daily balances } } { \text { days in billing cycle } }$$ ?

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