Assume a purchase daily interest rate of 0.03% and a cash advance interest rate of 0.06%.

You make a purchase of $150 on the fi rst day of the month and take a cash advance of

$250 on the twentieth day of the month (a 31 - day month). You will pay your bill on the fi rst day of the following month, and it will be received by the credit card company 2 days later (on the third day of that month). You do not have enough money to pay the entire bill when you fi rst receive it, so you pay 50% of the bill. Assuming that you never use your card again and after the fi rst payment you fully pay your bills, calculate the fi rst two bills and payments.