Ask Question
BusinessBusiness
16 February, 22:38

When Jenny Jimenez was attempting to pay off $37,000 in debt, how did she decide which cards to pay off first?

+1
Answers (1)
  1. 17 February, 01:43
    0
    Jenny Jimenez paid only the minimum required on every credit card, except for the one with the highest interest rate.

    This is true, If you put more budget on your payments for the credit card having the highest interest rate, you'll pay the whole balance more quickly. Then, do the same with the other remaining cards, pay the balance which has the highest interest rate.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When Jenny Jimenez was attempting to pay off $37,000 in debt, how did she decide which cards to pay off first? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The process of accumulating capital is called: a. capitalization. b. loanable funds. c. investment. d. debt management.
Answers (1)
Any business whose practices are fundamentally international in scope is called a
Answers (1)
Rick just left his company of 25 years to go to work for a competitor. rick's change in jobs reflects which aspect of the work-retirement relationship
Answers (1)
3. Categories of expenditures Larry and Megan Smith live in Swarthmore, PA. Megan's father, Raphael, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U. S.
Answers (1)
Egina asks warren, a housepainter, to paint her house but he is too busy, so he contracts with maggie as an independent contractor to do the job.
Answers (1)
New Questions in Business
Which statement is true of an adjustable rate mortgage? a) Payments will adjust each year based on the amount of equity you have in your home b) The interest rate will stay fixed for a period of time, then adjust either up or down based on an index
Answers (1)
The 2017 balance sheet of Dream, Inc., showed current assets of $4,810 and current liabilities of $2,230. The 2018 balance sheet showed current assets of $5,360 and current liabilities of $2,970.
Answers (1)
Information about the cause of death listed on a death certificate may be unreliable because:
Answers (1)
In 2009, 1 U. S. dollar purchased 1600 Korean won and in 2013 it purchased 800 Korean won. How much did 1000 Korean won cost in U. S. dollars in 2009 and 2013? Group of answer choices 2009:.84 dollars, 2013: 1.09 dollars 2009:.62 dollars, 2013: 1.
Answers (1)
structural changes must an organization undertake to switch from a product to a customer orientation?
Answers (1)
Home » Business » When Jenny Jimenez was attempting to pay off $37,000 in debt, how did she decide which cards to pay off first?
Sign Up Forgot Password?