[Unique Solution From 10/Pg] Running Balance

APA format

Cite at least one peer-reviewed reference

175 – 265 word

Respond to the following:

Dr. Susan Jones

4/5/22, 4:47 AM

If one has an interest-bearing savings account, compound interest is greatly beneficial in the long run. However, if one is paying down a credit card, compound interest is beneficial to the company or person offering the loan (i.e. loan officer).

Class, is it best to continue to save and earn money within an interest-bearing account, while simultaneously paying a credit card with a 6% interest rate (i.e. with a running balance)? Why or why not?


Doing a similar assignment? Save your time and hire our Genuine Essay Writers to do your task. Get 15% Discount on your 1st order. Use code: FREE15

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.