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Chapter 8

  • Charge It Right
  • You Will Know
  • Shopping for a Credit Card
  • Cost of Making Minimum Payment
  • Benefit of Making Larger Payments
  • Finance Charge Calculation
  • Correcting Credit Problems

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    Cost of Making
    Minimum Payment





    Item Price APR Interest
    Paid    		 How Much
    You
    Really Pay
    for the
    Item    		 Total
    Years to
    Pay Off
    TV $500 18% $439 $939 8
    Computer $1,000 18% $1,899 $2,899 19
    Furniture $2,500 18% $6,281 $8,781 34
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