Internet Assignment 6-1 2-25

Internet Assignment 6-1 2-25 - only for interest, which is...

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Greg Stoker February 25, 2008 Professor Linck FNPL-101 Internet Assignment It would take 52 months to pay off a $3000 charge at 12% interest paying $75 a month. What hurts the consumer most in this situation is the amount of money they paid
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Unformatted text preview: only for interest, which is $850.32. The consumer could have avoided such a high fee by making larger monthly payments or choosing a different financial avenue than this high interest credit card....
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