Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.8 Credit Cards - Exercise Set 8.8 - Page 565: 24

Answer

Makes sense.

Work Step by Step

Considering the various aspects associated with the use of a credit card, a person is most likely to pay the entire balance on time that is before the due date at the end of billing each month. If he fails, to do so his financial soundness may be hampered owing to obligations associated with the outstanding payment of dues. It is important for a person to pay the entire balance due at the end of each month to achieve financial success. Hence, the given statement Makes sense.
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