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Credit Card Fees and charges Kenji's credit card has a variable interest rate, within a defined range, that changes periodically. The rate that the financial

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Credit Card Fees and charges Kenji's credit card has a variable interest rate, within a defined range, that changes periodically. The rate that the financial institution that issued his card uses as a basis to determine the current interest rate is called the base rate. The interest rate that applies to the credit card is computed as the sum of the base rate plus a certain percentage. According to the terms of his card, the interest rate is the base rate plus 7% Further, the minimum interest rate is 10%, and the maximum interest rate is 16%. . If the computed rate is less than or equal to 10%, he'll be charged 10%. If the computed rate is greater than or equal to 16%, he'll be charged 16%. If the computed rate is between 10% and 16%, he'll be charged the computed rate. Today, the base rate is 5%. What is Kenji's interest rate today? In addition to interest charges, under certain circumstances, Kenji could be subject to any of the following other fees and charges: Late payment fees Over-the-limit charges Foreign transaction fees Balance transfer fees . If the computed rate is less than or equal to 10%, he'll be charged 10%. If the computed rate is greater than or equal to 16%, he'll be charged 16%. If the computed rate is between 10% and 16%, he'll be charged the computed rate. Today, the base rate is 5%. What is Kenji's interest rate today? In addition to interest charges, under certain circumstances, Kenji could be subject to any of the following other fees and charges: Late payment fees Over-the-limit charges . Foreign transaction fees Balance transfer fees foreign transaction fees For each of the following situations, choose the fee that most closely late payment fees Kenji's credit card is issued in the country where he is a citizen. Du balance transfer fees Jnother continent, he used his credit card to pay for lodging, meals, and tourist attractions. Kenji will likely be charged Kenji currently carries a balance on his Visa from month to month. He's going to move his Visa balance to a MasterCard card that charges a lower interest rate. Kenji will likely be charged Kenji's credit card payment was due on June 20. He made a payment on June 21. Kenji will likely be charged

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