Answered

IDNLearn.com provides a seamless experience for finding and sharing answers. Discover the information you need from our experienced professionals who provide accurate and reliable answers to all your questions.

Tony wants to pay off his credit card balances within 12 months. He is trying to decide if he should use his $1,000 in savings to pay off part of the balances or if he should transfer the balances to a new card with a low introductory rate. The new credit card has an introductory rate of 7% but charges a balance transfer fee of $75 for each balance transfer. Evaluate Tony's options and recommend the debt management plan that would give him the lowest monthly payment.

Sagot :

Answer: pay off all of credit card A, and $206 of credit on card B. transfer the remaining balance of credit card B to the new card  

Explanation:

Answer:

D. Pay off all of Credit Card A, and $206 of Credit Card B.  Transfer the remaining balance of Credit Card B to the new card.

Explanation:

i took the quiz/khila hoffman

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. IDNLearn.com is your go-to source for dependable answers. Thank you for visiting, and we hope to assist you again.