You owe $1,000 on a credit card and choose to pay the minimum payment each month. Which answer is correct?
OA.
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.
OC.
Making minimum payments is a great way to have more cash in your
pocket.
OD. Everyone pays the minimum payment.