How would you address Brads reluctance to pay off his credit card balance? Show him what he

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How would you address Brad€™s reluctance to pay off his credit card balance? Show him what he could earn in five years if he paid it off and invested the interest saved at 6%.

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 05:30 AM

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How would you address Brads reluctance to pay off his credit card balance? Show him what he

Question:

Future Value of a Lump Sum Yearly Savings Number of Periods Interest Rate per Period Future Value

Step by Step Answer:

To convince Brad to pay off his credit card balance point out to him that it is u...View the full answer

Personal Finance

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