5.Credit Card Review

The summary portion of Manny Ramira’s credit card statement is shown. Determine the

New Balance amount.

Lizzy has a credit line of $9,000 on her credit card. Her summary is shown. What is her available credit balance?

Marianne has a credit card with a line of credit at $15,000. She made the following purchases: $1,374.90, $266.21, 39.46, and $903.01. What is Marianne’s available credit?

Luke has a credit line of $8,500 on his credit card. He had a previous balance of $4,236.87 and made a $3,200.00 payment. The total of his purchases is $989.42.

What is Luke’s available credit?

The APR on Jake's credit card is currently 28.32%. What is the monthly periodic rate?

Marie's monthly periodic rate is 1.58%. What is her APR?

Examine the summary section of a monthly credit card statement. Calculate the new balance.

How many purchases (debits) were made during the billing cycle?

What is the sum of all purchases (debits) made during the billing cycle?

When is the payment for this statement due?

• Sept. 13

• Sept. 30

• Oct. 14

• Never