V
-On the December 6 Billing Date, Linda Had a Balance

Multiple Choice

V
-On the December 6 billing date, Linda had a balance due of $596.99 on her credit card. The Transactions during the following month were: $$\begin{array} { l r } \text { December } 8 \text { Payment } & \$ 45.10 \\\text { December } 10 \text { Charge: gifts } & \$ 585.68 \\\text { December } 28 \text { Charge: housewares } & \$ 25.22 \\\text { December } 30 \text { Charge: party supplies } & \$ 27.57\end{array}$$
The interest rate on the card is 1.2% per month. Using the average daily balance method, find the Finance charge on January 6 (December has 31 days) .

A) $12.90
B) $14.24
C) $12.94
D) $12.71