vera has a june credit card balance of $476.09. her payment due date is june 27th, with a grace period of 5…

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?

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?

Answer

Explanation:

Step1: Identify the due - date and grace - period

The due date is June 27th and the grace period is 5 days. So the last non - late payment date is June 27th + 5 days = July 2nd.

Step2: Determine if the payment is late

The payment is processed on July 6th, which is after July 2nd. So the payment is late.

Step3: Calculate the amount to pay

The original balance is $476.09 and there is a $30 late fee. So the total amount to pay is $476.09 + $30. $476.09+30 = 506.09$

Answer:

$506.09$