Question: Suppose when you're 21, you charge $1,925 for a Spring Break trip on a credit card with a 19 percent (annual) interest rate. A. If
Suppose when you're 21, you charge $1,925 for a Spring Break trip on a credit card with a 19 percent (annual) interest rate. A. If you repay only the minimum amount each month, and your minimum is 4 percent of the outstanding balance (the lowest amount permitted by some issuers), you'll start with a _______________ payment
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