Margie has had a tough month. First, she had dental work that cost $700. Next, she had her car transmission rebuilt, which cost $1,400. She put both of these unexpected expenses on her credit card. If she does not pay her credit card balance when due, she will be charged 15% interest. Margie has $15,000 in a money market account that pays 5% interest. How much interest would she pay (annualized) if she does not pay off her credit card balance
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Margie has had a tough month. First, she had dental work that cost $700. Next, she had her car trans...
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