From the statements below, identify the way or ways in which making only minimum monthly payments on a long-term credit
purchase can be a disadvantage
1. It is illegal to make only the minimum payments for more than one
II. Repeatedly making minimum payments harms your credit
III. The total cost is higher if the length of the debt is longer
a. I and II
b. ll only
c. I and III
d ll and III
Answers: 3
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From the statements below, identify the way or ways in which making only minimum monthly payments on...
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