Question

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

Answer 1

Concept: Business

1. Choosing a credit card with a low minimum monthly payment will lead to less spending

Answer 2

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

Step-by-step explanation: