dazesreplayy303 dazesreplayy303

22-01-2021
Business

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If Vince charged $390 on his credit card with 22% APR and he paid his balance in full within the grace period, how much was he required to pay

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jepessoa jepessoa

25-01-2021

Answer:

$0 in case the credit doesn't charge a monthly fee. Or just the monthly fee.

Explanation:

The grace period is a time period where the customer can pay any expenses and the bank will not charge any interest. In other words, if you pay the full balance before the grace period is over, the bank will not change you any interests.

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