How and why paying a minimum balance and missing a payment can each impact the final cost of the a purchase

This is how people end up with bad credit, actually.

When you pay the minimum payment, you're also paying for the interest involved. So, when you miss a payment, you're now paying double the interest therefore, what you originally paid $50 for (example) between interest and late payments, you'll end up paying $200 for.

wait history, who want to talk about history, boring.

to reform the distraught soviet union, the democratization of the communist party was promoted through party secretary mikhail gorbachev's policies of “perestroika” and “glasnost.” perestroika refers to the reconstruction of the political and economic system established by the communist party.