Frank has four different credit cards, the balances and interest information of which are outlined in the table below. As Frank was develop

Question

Frank has four different credit cards, the balances and interest information of which are outlined in the table below. As Frank was developing a debt payment plan, Charles suggested that he pay off the credit cards beginning with the highest balance, working his way down. If Frank chooses to follow Charle’s advice, in what order should Frank plan on paying off his credit cards?

Credit Card
Balance
APR
A
$2,380
19%
B
$4,500
15%
C
$1,580
17.50%
D
$900
21%
a.
D, A, C, B
b.
B, A, C, D
c.
C, B, A, D
d.
A, C, D, B

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Quinn 3 weeks 2021-11-08T19:29:02+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-11-08T19:30:54+00:00

    Answer:

    B, A, C, D

    Step-by-step explanation:

    0
    2021-11-08T19:30:54+00:00

    Answer:

     a.  D, A, C, B

    Step-by-step explanation:

    You want to put the interest rate numbers into decreasing order.

    Those numbers are …

     19 (A), 15 (B), 17.5 (C), 21 (D)

    In decreasing order, they are 21, 19, 17.5, 15, so D, A, C, B.

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