﻿ Jill has a balance of \$5,000 on her credit card with an annual interest rate of 15%. To pay off the \$5,000 in three years, Jill will have
, 11.03.2020 19:50, seannasal2804

# Jill has a balance of \$5,000 on her credit card with an annual interest rate of 15%. To pay off the \$5,000 in three years, Jill will have to make a minimum payment of \$173.33 per month. Jim has a balance of \$5,000 on his credit card with an annual interest rate of 10%. To pay off the \$5,000 in five years, Jim will have to make a minimum payment of \$106.24 per month. Who will pay more during the length of their loan and by how much? A) Jim will pay \$134.52 more. B) Jim will pay \$250.00 more. C) Jill will pay \$250.00 more. D) Jill will pay \$134.52 more.

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