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kow [346]
3 years ago
15

You have a current credit card balance of $450.00, which you are paying off so you can close the account. No new purchases have

been added this month, and interest is computed on the average daily balance method. The APR is 18%, and the minimum payment is 3%. If you make the minimum payment this month, what will the new balance be on the account?
plz help (brnt) pls​
Business
1 answer:
lesantik [10]3 years ago
5 0

Answer:

It's Best to Pay Your Credit Card Balance in Full Each Month

Explanation:

Leaving a balance will not help your credit scores—it will just cost you money in the form of interest. Carrying a high balance on your credit cards has a negative impact on scores because it increases your credit utilization ratio.

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