Business
Business, 17.10.2021 14:20, tdyson3p6xvtu

Mark has a credit card with a $5,000 balance. His interest rate is 19%, and the credit card company requires a minimum 2% payment, this is $100 per month. This interest calculator will show how much total interest Mark will pay.

Write a short paper (300–500 words) that answers the following questions:

How long will it take for Mark get his balance to $0?

What strategies should Mark use to pay off the card sooner?

answer
Answers: 1

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Mark has a credit card with a $5,000 balance. His interest rate is 19%, and the credit card company...

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