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Given this statement, 1. What is the maximum amount Jane Doe can currently charge to the credit card, prior to making any further payments to

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Given this statement,

1. What is the maximum amount Jane Doe can currently charge to the credit card, prior to making any further payments to her account? ($5,000 , $1,522.02 , $3,477.98 , or $76.10)

2. If Jane Doe wanted to pay off the total amount of money she has charged to this card, how much would she need to pay? ($250.00 , $1,522.02 , $3,477.98 , or $76.10)

3. How much is the APR Jane Doe is being charged for purchases on this card? (1.65% , 0.54% , 0.48% , or 19.80% )

SAMPLE CREDIT CARD STATEMENT Any Bank SEND PAYMENT TO: Box 1234 CREDIT CARD STATEMENT Anytown, USA Note ACCOUNT NUMBER NAME STATEMENT DATE PAYMENT DUE DATE these 1234-567-890 Jane Doe 01/01/2009 02/26/09 dates! CREDIT LIMIT CREDIT AVAILABLE NEW BALANCE MINIMUM PAYMENT DUE $5,000.00 $3,477.98 $1,522.02 $76.10 This Month's Activity: TRANSACTION POST DATE TRANSACTION DESCRIPTION DATE AMOUNT 01/01/09 01/01/09 Payment -250.00 01/05/09 01/07/09 Reds Department Store 68.81 01/12/09 01/13/09 Record Mania 18.05 01/15/09 01/16/09 Sweeney's Pozzeria 15.50 01/22/09 01/25/09 Country Airline 188.00 01/25/09 01/27/09 Sports Plus Apparel -77.35 Statement Summary: Credit Limit 5,000.00 Daily Balance Available Credit 3,477.98 Closing Date 02/15/2009 Payments/Credits 327.35 Days in Billing Period 30 + Finance Charges 12.28 Scheduled to Pay 76.10 = New Balance 1,522.02 Past Due 0.00 Minimum Payment 76.10 FINANCE CHARGE SUMMARY PURCHASES ADVANCES For Customer Service Call Periodic Rate 1.65% 0.54% 1-800-000-0000 Annual Percentage Rate 19.80% 6.48 For Lost or Stolen Card, Call: 1-800-000-0000 Please make check or money order payments 24-Hour Telephone Numbers to Any Bank Watch these numbers

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