fk020
General information
Question text: | Suppose you owe $3,000 on your credit card. You pay a minimum payment of $30 each month. At an Annual Percentage Rate of 12% (or 1% per month), how many years would it take to eliminate your credit card debt if you made no additional new charges? |
Answer type: | Radio buttons |
Answer options: | 1 Less than 5 years 2 Between 5 and 10 years 3 Between 10 and 15 years 4 Never, you will continue to be in debt |
Label: | how much to eliminate debt |
Empty allowed: | |
Error allowed: | |
Multiple instances: | No |