College students who have a credit card in their own name (and most do) have an average

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College students who have a credit card in their own name (and most do) have an average debt of $2700 at graduation. If they maintain that level of debt for ten years (because their payments only equal the charges they make plus interest), how much total interest will they pay?

A. $1200 B. $1800 C. $2700 D. $4860

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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