Question

The table summarizes the credit card debt Stephanie currently holds. Use this table to answer the question that follows.


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

Answer 1

Credit Card Balance APR Minimum Payment Interest Paid 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

Answer 2

@jdoe0001

Answer 3

@Zale101

Answer 4

@undeadknight26

Answer 5

So much work ;-;
Must i madam?!

Answer 6

Yes please @undeadknight26

Answer 7

Minimum payment means smallest right? Which one is the lowest mate?

Answer 8

Never mind it is the wear it right card right? @undeadknight26

Answer 9

I would think so @gabylovesu or it may seem a little too easy...Just to be sure...:

Answer 10

@iambatman *batman signal*

Answer 11

But you believe it would the wear it card right? @undeadknight26

Answer 12

Never go with what i believe ._.
Hence why i finished this year with Bs ._.

Answer 13

Oh really? @undeadknight26

Answer 14

I have no idea im just not good with finance questions n stuff XD

Answer 15

lol ok @undeadknight26

Answer 16

do you think you can help me @sleepyjess

Answer 17

Huh? oh ummmm no sowwy :(

Answer 18

@iambatman do you know anything about the subject?