CAN SOMEONE PLS HELP ME ON FOOLPROOF Tell us how much you’re losing in this example:
• You’re really good at investing and you have $1500 in your investment account.
• You make 8.5% interest on your investment account!
• You owe $1600 on a credit card.
• You pay 19% interest on this credit card debt.
Answer these questions:
How much money are you making on your investment? $ ?
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How much money are you paying in interest on your card? $ ?
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What’s your total gain/loss ? $ ?
(Enter a negative value for a less.)