Question

You owe $1,000 on a credit card and choose to pay the minimum payment each

month. Which answer is correct?
ОА.
Making minimum payments is the smart thing to do. I know this is true,
since I asked the credit card company!
Credit card companies love you when you only make minimum payments!
OB. Why? You're throwing your money away by paying extra interest each
month.

Answer 1

OB would be the smartest choice because if you make minimum payments it's going to be harder coming out of debt.