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.
Answers
Answer 1
Answer:
OB would be the smartest choice because if you make minimum payments it's going to be harder coming out of debt.