Given a credit card with the following: No intro APR, 20.49% standard APR, no annual fee, interest is calculated using average daily balance method, and a $37 late fee.

You are a cash strapped college student and will use this credit card for your grocery purchases for the next three months (March, April, and May). You will make only the minimum monthly payment for your first two billing statements (you are just trying to survive until summer when you start getting your internship paychecks). Your first billing statement will be dated April 1, and the bill wil be due April 20. Your second billing statement will be dated May 1, and will be due May 20. You will make your payments on the 15th of each month. Assume you are not in an introductory period anymore, and the starting balance on the card is zero Your annual fee, if there is one, will hit the account during the April billing cycle (that is, it will be charged to your account on April 1) You expect to spend $75 per week on groceries, so assume you charge $75 on the 5, 12, 19, and 26 o each month. The minimum payment due is computed as 2% of the outstanding balance of the card on the date of billing. g. Compute the balance on your card when you receive your billing statement on June 1 h. How much have your groceries really cost you? The amount spent in the grocery store over the three month period is $900.)