Use the following credit card statement to answer the following questions:
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Question 1
1.
How many purchases were made during the billing cycle?
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Question 2
2.
What is the sum of all purchases made during the billing cycle?
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Question 3
3.
When is the payment for this statement due?
Required
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Question 4
4.
What is the minimum amount that can be paid?
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Question 5
5.
Suppose Coach Nevin has a credit card with a line of credit at $4,000. He made the
following purchases: $425.36, $358.33, $377.11, and $90.20. What is
Nev's available credit?
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Question 6
6.
Ms. Deboer had a previous balance of $398.54 and made a $250 payment. The total of her purchases this billing cycle is $1,257.89. What will her New Balance be?
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Question 7
7.
Suppose you have a credit limit of $1500 and you currently have an New Balance of $340. What is your credit utilization?
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Question 8
8.
In regards to the above statement, what value should be placed in letter b. ?
