CALCULATE: Shopping with Interest
This activity will illustrate how even smaller purchases cost more when you purchase on a credit card and do not pay the
balance in full each month. For this activity, we will use the credit card calculator from bankrate. com, open it in another
window. We also make these assumptions:
Your credit card's interest rate (APR) is 19.996
The minimum payment due each month is 3% of your starting balance
Answers: 1
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CALCULATE: Shopping with Interest
This activity will illustrate how even smaller purchases cost mor...
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