Business, 05.03.2021 04:00 nabeelunique

Assume an interest rate of 20 percent and a minimum payment of $30 on a credit card balance of $1,000. Using a financial calculator or an online calculator, compare the total cost of reducing the balance to zero by making minimum payments versus making above- minimum payments of $100 a month. Why is it important to pay off credit card debt quickly? please I need help asap

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Assume an interest rate of 20 percent and a minimum payment of $30 on a credit card balance of $1,00...