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natita [175]
3 years ago
5

A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.

Business
1 answer:
Lady bird [3.3K]3 years ago
3 0

Answer:

This is due to compound interest on the credit card bills.

Explanation:

Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.

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Hi there.

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I'm also using the process of elimination. With that, I give you my best guess:


A. Because it provides support but no tangible goods.

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3 years ago
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2 years ago
Findell Corporation is considering two projects, A and B, and it has gathered the following estimates for the projects Project A
Vilka [71]

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