Ask Question
21 August, 12:21

Paraphrase this:

For credit cards, minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on interest, month after month. This is the way compound interest works against you.

+5
Answers (1)
  1. 21 August, 12:27
    0
    the compound interest for credit cards in minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on interest every month after month.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Paraphrase this: For credit cards, minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on ...” in 📗 English if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers