When making the minimum required payment on a credit card bill, a large part of the payment goes towards __________.

Question

Seudónimo Seudónimo

04-02-2021
Social Studies

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When making the minimum required payment on a credit card bill, a large part of the payment goes towards __________.

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bluehue21 bluehue21 · Answer 1 · 2021-02-04T15:53:36+01:00

bluehue21 bluehue21

04-02-2021

Answer:

Is C. Interest

Explanation:

Interest is the right answer, Credit card companies often take in interest before the user pays of the principle to ensure higher profit margins in the long-run.

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