To calculate Larry's finance charge on his February statement, we need to multiply the average daily balance by the monthly periodic rate.
Larry's average daily balance is $4,530.34 and the monthly periodic rate is 2.5%.
First, let's convert the monthly periodic rate to a decimal by dividing it by 100:
2.5% = 0.025
Next, we can calculate the finance charge by multiplying the average daily balance by the monthly periodic rate:
Finance charge = $4,530.34 * 0.025
Finance charge = $113.26
So, Larry's finance charge on his February statement should be $113.26. If you have any more questions or need further assistance, feel free to ask!