Paraphrase this:

For credit cards, minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on interest, month after month. This is the way compound interest works against you.

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Lorelai Butler

1 October, 22:33

Paraphrase this:

For credit cards, minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on interest, month after month. This is the way compound interest works against you.

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Kamari Arroyo · Answer 1

the compound interest for credit cards in minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on interest every month after month.

Paraphrase this:For credit cards, minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on interest, month after month. This is the way compound interest works against you.

Paraphrase this:

For credit cards, minimum monthly payments are usually based on a ten-year payment schedule, and interest is charged on interest, month after month. This is the way compound interest works against you.