The credit card statement says the daily periodic rate is 0.04381%. Explain how this percentage was calculated PIGGY BANK USA PLATINUM PIGGY CARD STATEMENT CreditCard PAGE 1 of 1 ACCOUNT SUMMARY Account 9999 9999 9999 9999 Number PAYMENT SUMMARY BALANCE SUMMARY Previous Balance Payment/Credits Minimum Payment?? S2,250.00 $5,000.00 Payment Due Date 05/21/08 Purchases/Debits+??? $2,465.80 Total Credit Limit Total Credit Limit Available Current Payment Due ??? Finance Charge??? Statement Date 04/27/08 New Balance FLYING PIG REWARDS SUMMARY Previous Pig Points 2,500 Earned Points 300 Total Points 2,800 TRANSACTION SUMMARY Amount Trans Date Transaction Description Reference Number Charges Credits 04/02 04/05 04/10 Grocery Store Book Store Movie Theater Restaurant Gas/Electricity XX999XXXx9 XX999xXXx9 XX999XXXX9 X999XXXX9 XX999xXXX9 XX999XXXX9 XX999XXXX9 XX999XXXX9 $75.00 25.00 $25.00 50.00 $50.00 04/15 04/21 04/22 04/22 $50.00 Concert Tickets Movie Rental 60.00 15.00 FINANCE CHARGE CALCULATION This is a grace account. Grace period information on back. FINANCE CHARGE Days in Billing Cycle Cash Advance Annual Rate 0.000% Daily Periodic Rate Fees Balance Transfer S0.00 $2,409.48 0.00000% 0.0438 1 % 29 29 0.00 15.990%