Nick used his credit card to make several large purchases, and now owes the credit card company $4,273 plus 32% interest. His mother gave him $500 for h birthday. Which is the most responsible choice he can make regarding his birthday money?
A He can put $250 into a savings account that pays 3.8% interest and pay down his credit card debt with the rest.
B. He can put all the birthday money in the 3.8% savings account
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C. He can use all the money to pay down his credit card debt.
O D. He can invest $200 in the stock market and pay down his credit card debt with the rest.