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
Sequence-of-returns risk means big losses early in retirement can disproportionately hurt a portfolio that’s being drawn down.