Why is it more difficult to get out of debt when only paying the minimum payment? Your entire minimum payment goes toward principal and the interest continues to compound.
The majority of your minimum payment is going toward interest and finance charges and only a small amount toward the principal.
Your credit limit always resets, so you have a lot of spending power each month.

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.

step-by-step explanation:

1

step-by-step explanation:

im not sure what the answer is

okay..i will pick 8!