Description of image

Question 4

Interest rates on revolving debt are expressed as APR; seeing percentage → dollars makes debt cost real and motivates repayment.

If you left a $5,000 credit-card balance unchanged at 18% APR for one year, roughly how much interest would accrue?

Did You Also Know...

By Wise Wallet

An employer 401(k) match is essentially free compensation — not taking it is like turning down a raise.