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Mathematics, 23.02.2021 01:30 gabby1274

Frank has four different credit cards, the balances and interest information of which are outlined in the table below. As Frank was developing a debt payment plan, Charles suggested that he pay off the credit cards beginning with the highest balance, working his way down. If Frank chooses to follow Charle’s advice, in what order should Frank plan on paying off his credit cards? Credit Card

Balance

APR

A

$2,380

19%

B

$4,500

15%

C

$1,580

17.50%

D

$900

21%

a.

D, A, C, B

b.

B, A, C, D

c.

C, B, A, D

d.

A, C, D, B

Please select the best answer from the choices provided

A

B

C

D

ANSWER: b. B, A, C, D

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Answers: 1

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