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Math 1050 Credit Card Debt Assignment Name. 5. How large would your monthly payment have to be in order to pay off your debt in 12 months? Round up to the next 2e20Lo-2 (208s) Ur oed What isthe total amount paid to the credit card company, rounded to the nearest dollar? $196. 04f » 12 = Gr 6. What i the best plan for paying off the $2000? Why? The lest Ts fhe bt pecausSe tren you Gre vet peyim 2S muh inkerst each roots You Sr HA est Ia the Long run a What isthe worst plan? Why? Minimum Paymart because mor inteast 73 charged tink necumulated: You spend He mast ta tus bg ran What should you do if you cannot afford to make the payments required by the best plan? Pay AS Mur aS You can alfrel ans jet ce resolved AS 4urckly a5 possmble. 7. What are two things that the average consumer can learn by completing this assignment? © Camgng a monthly Gotesst ale 1S 9rd fe pesull ty mek money being spat sux Ke, At Me fres 2 Ub & ea as

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