QUESTION IMAGE
Question
jane opened her credit card bill and was surprised by the amount she owed. she cannot pay the full amount of the bill this month. the lowest dollar amount jane is required to pay by the credit card company is the
minimum payment.
interest payment.
principal payment.
Brief Explanations
To solve this, we analyze each option:
- "Minimum payment" is the lowest amount a credit card holder must pay monthly. Jane can't pay the full bill, so this matches.
- "Interest payment" is just the interest portion, not the required minimum (which can include principal and interest).
- "Principal payment" is paying down the borrowed amount, not the minimum required (which is often a small percentage of the balance).
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A. minimum payment.