Physics, 16.04.2021 05:20 coolgirl5679
Which of the following is not true for the percent of balance method for calculating a credit card minimum monthly payment?
a. A person’s payment might not cover all her accrued interest.
b. It can take years to pay off even the smallest balances.
c. The payments are likely calculated at a lower rate than the interest is.
d. A person’s payment will cover all of her accrued interest, and she should be able to pay off balances in under a year.
e. It is usually 1-3 percent of the remaining balance at the end of the billing cycle.
Answers: 1
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Which of the following is not true for the percent of balance method for calculating a credit card m...
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