1. Implications of Credit Card Act. What are the main features and implications of the Credit Card Act of 2009? 2. Calculating credit card interest. Ryan Gray, a student at State College, has a...

1. Implications of Credit Card Act. What are the main features and implications of the Credit Card Act of 2009?

2. Calculating credit card interest. Ryan Gray, a student at State College, has a balance of $380 on his retail charge card; if the store levies a finance charge of 21 percent per year, how much monthly interest will be added to his account?