You Spend $1,000 on Your Credit Card,and the Minimum Payment

question 46

Multiple Choice

You spend $1,000 on your credit card,and the minimum payment is $10 a month.If you pay double the minimum payment,what will happen?

• A)You will pay the debt off more quickly.
• B)You will end up in perma-debt.
• C)You will pay off the debt more slowly.
• D)None of the options are correct.

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