Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash-advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.

a) What is the current APY (ANNUAL PERCENTAGE YIELD) on this credit card? b) What is the APY on Bradley's default, or penalty, rate? c) If Bradley buys a new game console for $560 this month and sends in a credit card payment of $950 when he gets his statement, how much interest will he pay on the game console for the month?