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Mathematics, 04.05.2020 22:42 zakyiaiarvis544

Frank has four different credit cards, the balances and interest information of which are outlined in the table below. As Frank was developing a debt payment plan, Charles suggested that he pay off the credit cards beginning with the highest balance, working his way down. If Frank chooses to follow Charleā€™s advice, in what order should Frank plan on paying off his credit cards?

Credit Card
Balance
APR
A
$2,380
19%
B
$4,500
15%
C
$1,580
17.50%
D
$900
21%
a.
D, A, C, B
b.
B, A, C, D
c.
C, B, A, D
d.
A, C, D, B

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Answers: 3

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