Business, 31.01.2020 14:42 xojade

Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
you will be charged interest on your remaining balance.
your annual percentage rate will increase.
you may be in debt for a long time.
both a and b are true.

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It would be letter D. both A and B. If you only pay the minimum amount each month towards your credit card bill, you will be charged on your remaining balance. Your Annual Percentage Rate (APR) or your yearly rates will also increase. Paying off your balance gives you an advantage like receiving a free financing.

Answer from: dumbdumbkylee

You will be charged interest on your remaining balance and Your Annual Percentage Rate will increase. Which implies choices D is correct. Meaning Both A and B are true

If you pay a minimum amount towards your credit card bill each month, the remaining balance in your credit card will be charged. Also your yearly rate or annual percentage rate (APR) will increase.

Interest is the amount paid for the privilege of lending cash which is commonly expressed as Annual Percentage Rate. Interest will be incurred on the money you owe each month, if you are not fortunate to pay your credit card bill before the end of the month or the due date.

Simply put, when you paid your credit card bill in full each month before statement closes, then it means you do not have to pay interest. Though most credit card issuer offers a grace period, which you are exempted from paying interest but it is only applicable if you pay up in full before the expiration date.

Therefore it is advisable to pay up your credit card bill each month because it will improve your credit score, cut interest, helps tracks spending and give you a peace of mind

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Which of the following are true if you pay only the minimum amount each month towards your credit card bill? link

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answer; // there are violations that can cause injuries or death;

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The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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