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What is one strategy that can help a person avoid spending too much money on interest when borrowing money? A. Choosing a loan with a compound rather than simple interest rate B. Choosing a credit card
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What is one strategy that can help a person avoid spending too much money

on interest when borrowing money?
A. Choosing a loan with a compound rather than simple interest rate
B. Choosing a credit card with a high minimum monthly payment
C. Choosing a loan with a simple rather than compound interest rate
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D. Choosing a credit card with a low minimum monthly payment

User Dean Barnes
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8.6k points

2 Answers

12 votes

Answer:

Concept: Business

  1. Choosing a credit card with a low minimum monthly payment will lead to less spending
User Plditallo
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8.5k points
2 votes

Answer:

I got C. Choosing a loan with a simple rather than compound interest rate

Step-by-step explanation:

What is one strategy that can help a person avoid spending too much money on interest-example-1
User Azox
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