Charge cards _.

Ahave the same amount due each month
Bmust have their balances paid in full each month
Care another name for a credit card
Dcan be used in more places than credit cards

You should always pay more than the _.

Aavailable balance
Bbad debt
Cminimum due
Dpenalty

You have $2,675.00 on a credit card with a 15.75% APR. You miss your minimum payment and there is a late fee of $29.00. How much is your balance at the beginning of the second month?

A$2,814.31
B$2,739.11
C$3,125.31
D$2,710.11

Answers for 1 & 2 are provided.
1. Another name for credit cards.
2. Always pay more than the minimum due (unless you want to pay more for your purchases in the long run).

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Anonymous Anonymous · Answer 2 · 2016-09-28T22:14:51-04:00

The correct answer to this question is this one:

1 b. must have their balances paid in full each month. Charge cards must have their balances paid in full each month

2 c. minimum due. You should always pay more than the minimum due.

3 b. $2,739.11. You have $2,675.00 on a credit card with a 15.75% APR. You miss your minimum payment and there is a late fee of $29.00. Your balance at the beginning of the second month is $2,739.11