emmacharlottehenson
Answered

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Jeremy frequently uses his credit cards rather than cash to make purchases. He only pays the minimum required payments on his credit cards without paying off the balances. What will be the result of his actions over time?

He will owe more and more in interest to the credit companies.
His balances will accumulate interest which he can spend later.
He will have available credit that will grow from month to month.
His credit card use will save him money by earning him rebates.

Sagot :

ogorwyne

By frequently using the credit card to make purchases, what this means is that He will owe more and more in interest to the credit companies.

What is a credit card?

This is a financial card that is given to individuals that allows them to make financial transactions.

The credit card allows the person using the card to borrow money for transactional reasons.

Read more on credit card here: https://brainly.com/question/6872962

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