Mathematics, 19.08.2021 15:10, orlandoreypot2491

Financial math-- short answer-- please help! Jason uses his credit card for all his monthly expenses. He pays only the minimum payment required every month. The credit card company charges him interest that is compounded monthly and a penalty for a missed payment. Based on how principal and interest compound over time, is he doing the right thing by making the minimum payment?
Explain please.

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Financial math-- short answer-- please help! Jason uses his credit card for all his monthly expens...