Math 1050 Credit Card Debt Assignment PDF (click to open)
- I learned that you never want to pay the minimum payment on a credit card bill unless you absolutely have to. You always want to pay as much as you can and pay it off as fast as you can.
- This Math can be used to show increases or decreases in just about anything. You could use this to see how much interest you’ll pay on a loan or how much interest you could earn by investing in a certain stock on the market.
- This would be like the formula for compounding interest, it compounds on the new amount making the interest just a little bit less every time. I’ve learned compounding interest can be great when it’s helping you gain money, but when there is compounding interest on your money that you’re in debt, that can really ruin your life.