On the credit card statement Figure 6.24, identify 1. The balance due 2. The minimum required payment 3. The length of time it takes to pay off the balance by paying the minimum payments and without charging more to the card 4. The interest rate for purchases

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$ YourBank Your Credit Card Account Statement PAYMENT INFORMATION New Balance: Your Minimum Payment: Your Minimum Payment Due Date: Estimated time to pay $ 3663.23 $ 36.63 May 24, 2015 The estimated time to pay your New Balance in full if you pay only the Minimum Payment each month is 2 year(s) and 4 month(s). SUMMARY OF YOUR ACCOUNT Statement Period: From April 01, 2015 To April 30, 2015 Account Number: 9999 99XX XXXX 1234 Primary Cardholder: Yourname Yoursurname Previous Statement Balance: $ 2654.48 $ 500.00 $ 0.00 $5.99 $ 3663.23 Ways to pay: Online Banking Telephone Banking ATM Pie Authorized Payment By Mail To: YourBank P.O. Box 1234 Section Z Bank City, NY, 98456 Payments: New Purchases: $-2654.48 $ 1957.24 Balance Transfers and Access Cheques: $ 1200.00 Cash Advances Interest: Fees: Subtotal Your New Balance: $ 3663.23