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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 th of every month and a new statement period OPENS on the th your credit card payments have a DUE DATE on the st of every month. You have an APR of
a If you made a purchase for a new phone for $ on October how many interest free days will you have left?
b When will you have to pay for the purchase in full in order to avoid finance charges? Exact day of the exact month.
c If you can pay only $ 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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