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OpenStudy (anonymous):
@John_ES Teresa has a balance of $3750 on a credit card with an APR of 28.2%. Paying off her balance in which of the following lengths of time will result in her paying the least amount of interest? A. 12 months B. 9 months C. 14 months D. 10 months
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OpenStudy (john_es):
As I think, the higher your interest rate and the longer it takes you to pay off your balance, the more interest you pay. So I would choose the smallest, (B).
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