Question: Please fill out this table See how much extra you might pay on a $1,000 credit card purchase with varying interest rates: Total Purchase Amount

Please fill out this table

See how much extra you might pay on a $1,000 credit card purchase with varying interest rates: Total Purchase Amount This is the balance due on your credit card $1,000 $1,000 $1,000 Credit Card APR 10% 15% 25% This is the annual interest rate on your credit card. Monthly Payment This includes paying just the minimum monthly payment, calculated $40 $40 $40 in this example as $40. Number of Months to Pay Off Purchase Amount This is how long it will take you to pay off the entire balance. Total Finance Charge This is the total amount of money you will pay just in interest. Total Cost This is the final amount you will pay for your purchase

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