Question: answer the below question after reading the following chapters from the book listed. this should be a personal response as well as include information from

answer the below question after reading the following chapters from the book listed. this should be a personal response as well as include information from the book as well and should also be at least three hundred words. if you cite from the book include the citations.

Title: PFIN (with MindTap, 1 term Printed Access Card) - 7th Edition

ISBN: ISBN-10: 0357033604 | ISBN-13: 9780357033609

Authors: Randall S. Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Edition: 7th

chapters 7 and 8

Some consumers might consider purchasing a new car with a car loan, while using credit cards to cover other purchases, and making only the minimum required payment to the credit card company each month. What is your opinion of this strategy?In addition to your opinion,what does the text or other sources recommend?

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