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Mary is your friend who has not taken any financial planning course. Recently she told you that she has a large amount of outstanding credit
Mary is your friend who has not taken any financial planning course. Recently she told you that she has a large amount of outstanding credit payments and she does not know what to do. 3. Suppose Mary got a revolving loan of $10,000 from the HSBC bank last week. She then used this loan to repay her credit card debt for February in full. This week, she repaid $2,500 to HSBC, what would be the balance of her revolving loan account? (4 marks)
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