Why is paying your credit card balance in full so important? What should you do if you can’t avoid credit card debt? Explain.
Answer to relevant QuestionsDiscuss some ways that charging large amounts on your credit cards might affect your overall financial planning. Describe the role of the Bureau of Consumer Financial Protection. You just borrowed $ 7,500 and are charged a simple interest rate of 8%. How much interest do you pay each year? Compare the amount of interest that the Sampsons are earning on their savings and paying on their credit card debt by completing the following worksheet. What is the purpose of the annual percentage rate measurement? Could lenders with the same interest rates report different APRs?
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