Multiple Choice
If you take the maximum length of time to pay off a credit card, at a rate of 18.5%, how much interest will you pay in interest on a debt of $2,000?.Based your calculations on a minimum payment of 1/36 or $20, whichever is greater.
A) $1,934
B) $1,557
C) $989
D) $3,401
E) $4,223
Correct Answer:
Verified
Correct Answer:
Verified
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