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Why is it important to avoid the minimum monthly payment trap? (LO5.4) Grayson just received his credit card statement. He noticed a charge for $40

Why is it important to avoid the minimum monthly payment trap? (LO5.4)

Grayson just received his credit card statement. He noticed a charge for $40 to a store he has never patronized. What steps should he take to handle this? (LO5.5)

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