Question
Credit Card Payment Terms.Paul's credit card closes on the 6th of the month, and his payment is due on the 25th. If Paul purchases a
Credit Card Payment Terms.Paul's credit card closes on the 6th of the month, and his payment is due on the 25th.
If Paul purchases a stereo for $300 on June 11th, how many interest-free days will he have? When will he have to pay for the stereo in full in order to avoid finance charges? (Hint:Assume that Paul pays off his credit card each month.)
If Paul purchases a stereo for $300 on June11th, the number of interest-free days he will have is _______. (Round to the nearest whole number.)
When will he have to pay for the stereo in full in order to avoid finance charges?(Select the best answer below.)
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