Question

vera has a june credit card balance of $476.09. her payment due date is june 27th, with a grace period of 5 days. if her payment is late, the credit card company charges a $30 late fee.
vera wants to pay the full amount to have a zero balance. how much should she pay if her online payment is processed on july 6th?
$ \square

Explanation:

Step1: Determine if payment is late

The due date is June 27th, grace period 5 days, so the last day without late fee is June 27 + 5 = July 2nd. July 6th is after July 2nd, so late fee applies.

Step2: Calculate total payment

Full balance is $476.09, late fee is $30. So total payment = 476.09 + 30 = 506.09.

Answer:

\$506.09