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
Market crashes happen periodically and recoveries can take years, which is why emergency funds and long time horizons matter.