In August, Kait and Bo sign up for a Cougar credit card with the following terms: Interest Rate = 24% compounded daily Statement Cycle = August 14 September 13 Grace Period = 21 days (bill due on 4th of the following month) Minimum Payment = $25 Late fee = $35

On September 2, they make their only purchase (a TV for $600) but forget to make any payments when the bill is due on October 4. If they decide to pay one day late on October 5, what amount is required to pay their bill in full? Remember, interest is accruing each day until the bill is paid including days after the grace period. (Round up to the nearest doller)

$614

$624

$635

$643

$649