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stiks02 [169]
2 years ago
5

How does paying the minimum on a credit card hurt?

Business
1 answer:
Sergeeva-Olga [200]2 years ago
6 0

Answer:

If you only pay the minimum each month, your debt might become spread out over a longer period of time and interest charges may increase over time. This is not an effective strategy, and depending on the provider, you may end up paying more that what you needed to pay off.

Explanation:

Hope this helped!

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The computation is shown below;

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4 0
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