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Decide Whether the Statement Makes Sense

Question 56

Essay

Decide whether the statement makes sense. Explain your reasoning.
-Jeremy hasn't paid off his credit card debt but he knows that it's important to start saving.
He decides to invest some money in a savings account and to continue making just the
minimum payments each month on his credit card. The interest rate on his credit card is
1.5% per month.

Correct Answer:

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No, the statement does not make sense. I...

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