Question

Frank has four different credit cards, the balances and interest information of which are outlined in the table below. As Frank was developing a debt payment plan, Charles suggested that he pay off the credit cards beginning with the highest balance, working his way down. If Frank chooses to follow Charle’s advice, in what order should Frank plan on paying off his credit cards?

Credit Card
Balance
APR
A
$2,380
19%
B
$4,500
15%
C
$1,580
17.50%
D
$900
21%
a.
D, A, C, B
b.
B, A, C, D
c.
C, B, A, D
d.
A, C, D, B


Please select the best answer from the choices provided

A
B
C
D
Mark this and return

Answer 1

B