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Economics - Financial Markets 23 Online
OpenStudy (anonymous):

Credit Card Balance APR Minimum Payment Total Interest Paid Number of Months to Pay off Home Improvement Card $2,500 23.4% $100 $2,095 125 Wear-It-Right Card $2,257 22.1% $79 $2,195 140 Furniture Depot Card $3,850 16% $154 $1,822 117 Expert Card $3,572 20.3% $125.02 $3,016 154 Which credit card will be paid off first if Stephanie plans on making the minimum payment? Home Improvement Card Wear-It-Right Card Furniture Depot Card Expert Card @Lena772

OpenStudy (lena772):

i can't understand the table...

OpenStudy (anonymous):

I would say Home Improvement Card

OpenStudy (anonymous):

@whpalmer4

OpenStudy (whpalmer4):

Looks like the first 6 lines are the column titles: CC Bal APR Min Pmt Total Int Pd #mo to PO HIC 2500 23.4 100 2095 125 etc. look at the final column, find the smallest number. that row corresponds to the card which will be paid off first. Home Improvement Card is not correct.

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