Mathematics, 29.04.2021 04:30, GoAheadAndSmileToday

1) How long does it take to pay off the higher-interest card? 2) What is the amount of the last payment on the higher-interest card? Why?
3) At the end of the month that you pay off the higher-interest card, after you have started to pay down your debt on the lower-interest card, what is the balance of the lower-interest card? Why?

Complete the following two tables to help you answer questions 4–5.
4) Rework the problem so that you pay off the lower-interest card first.
5) How much money do you save by paying off the higher-interest card first?

Answers: 3

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1) How long does it take to pay off the higher-interest card? 2) What is the amount of the last pa...