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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

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