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QUESTION 1 Consider the following credit card bank statement. Last statement As at 20 October Total owing $3,868.56 Minimum payment $77.00 Due date 14 November
QUESTION 1 Consider the following credit card bank statement. Last statement As at 20 October Total owing $3,868.56 Minimum payment $77.00 Due date 14 November (24 days) In October, the cardholder was NOT benefitting from an interest free period. In order to not pay interest on purchases of the next statement period, the credit card holder needs to transfer into the credit card account at least Q A $77 by 14th November. B. $3,868.56 plus any new purchases done in the next statement to bring the balance to 0. OC. $77 as soon as the statement is received. Q D. $3,868.56 by 14th November
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