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Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning.
I make only the minimum required payments on my credit card balance each month, because that way I'll have more of my own money to keep.
A.
The statement makes sense. Minimum payments go entirely towards principal.
B.
The statement does not make sense. It takes a very long time to pay off a credit card loan if only the minimum payments are made. This results in much more interest being paid.
C.
The statement does not make sense. The same amount of money is paid in the long term, regardless of how much is paid each month.
D.
The statement makes sense. If you spend less money on a credit card loan, then you will have much more spending money every month.
Sagot :
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