Go to http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx.
o Type in $5,000 for “What is your credit card balance?”
o Type in $150 for “What fixed payment could you ...
... make each month?”
o Do you think it is better to pay only the minimum payment or pay the higher monthly amount? Explain why.
what are you on about
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