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you're reading material illustrates a typical example of what happens if you pay just the minimum monthly payment every month on a credit card balance in this example approximately how long will it take to pay off the original deck completely.
A.2yrs
B.5yrs
C.12yrs
D. The debt will never be completely repaid.

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francocanacari

Answer:

The correct answer is D. The debt will never be completely repaid.

Step-by-step explanation:

Since the question refers to a credit card debt on which the minimum monthly payment is paid for an indefinite period of months, in this case the debt will never be fully repaid, since the minimum payments will be constantly added values as interest, which will increase the value of the debt due to compound interest.

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