Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

You owe $1,000 on a credit card and choose to pay the minimum payment each
month. Which answer is correct?
ОА.
Making minimum payments is the smart thing to do. I know this is true,
since I asked the credit card company!
Credit card companies love you when you only make minimum payments!
OB. Why? You're throwing your money away by paying extra interest each
month.

Sagot :

NevaehJade

Answer:

OB would be the smartest choice because if you make minimum payments it's going to be harder coming out of debt.

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.