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STATEMENT BALANCE. Your credit card statement period CLOSES on the 1 5 th of every month and a new statement period OPENS on the 1

STATEMENT BALANCE. Your credit card statement period CLOSES on the 15 th of every month and a new statement period OPENS on the 16th, your credit card payments have a DUE DATE on the 1 st of every month. You have an APR of 28.99%.
13a) If you made a purchase for a new phone for $900 on October 16th, how many interest free days will you have left?
13b) When will you have to pay for the purchase in full in order to avoid finance charges? (Exact day of the exact month.)
13c) If you can pay only $80 per month, how long would it take for you to pay it off and how much interest would you end up paying for the purchase?
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