Question 1
What is the principal amount in a loan?
Question 2
Which of the following best describes how interest is typically calculated on a credit card balance?
Question 3
If a credit card has an annual percentage rate (APR) of 18%, what is the approximate monthly interest rate?
Question 4
What is the minimum payment on a credit card typically based on?
Question 5
If you only make the minimum payment on your credit card each month, what is the long-term effect?
