jo ann just received her credit card statement which contains information that is listed below. how much…

jo ann just received her credit card statement which contains information that is listed below. how much must she send to the credit card company, and by what date must it be received so that she can avoid any finance charges for that period?\n\ncredit card statement\nnew balance $3,883.32\nminimum payment due $78.00\npayment due date 12/31/2023\n\na. no minimum payment is due.\nb. $388.32 by december 31, 2023\nc. $3,883.32 by december 31, 2023\nd. $78.00 by december 31, 2023

jo ann just received her credit card statement which contains information that is listed below. how much must she send to the credit card company, and by what date must it be received so that she can avoid any finance charges for that period?\n\ncredit card statement\nnew balance $3,883.32\nminimum payment due $78.00\npayment due date 12/31/2023\n\na. no minimum payment is due.\nb. $388.32 by december 31, 2023\nc. $3,883.32 by december 31, 2023\nd. $78.00 by december 31, 2023

Answer

Explanation:

Step1: Understand credit - card finance charges

To avoid finance charges, the full new balance must be paid.

Step2: Identify the new balance

The new balance on the credit - card statement is $3,883.32, and the due date is 12/31/2023.

Answer:

C. $3,883.32 by December 31, 2023