Mastercard with an annual fee

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Reference no: EM13872418

Bob has a MasterCard with an annual fee of $25, 18% interest, and a $1,000 credit limit. He always pays the total outstanding balance monthly. His most recent monthly statement lists last month's payment, new charges this month totalling $1,500, and a $30 fee. That fee is most likely the result of what?

Reference no: EM13872418

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