Tell us how much you're losing in this example:
you're really good at investing and you...
Mathematics, 18.11.2019 18:31 irvinbhangal2
Tell us how much you're losing in this example:
you're really good at investing and you have $1,500 in your investment account.
you make 8.5% interest a year on your investment account!
for a year you owe $1,600 on a credit card.
you pay 19% interest a year on this credit card debt.
answer these questions:
how much money are you making on your investment in a year?
$
how much money are you paying in interest in a year on your card?
$
what's your total gain/loss that year?
$ enter a negative value for a loss.
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