Is this a good way to pay off credit cards?
I was going to get a consolidation loan from my local credit union.
i have 10 k in credit card debt but was just going to consolidate 6500 and pay the other one off by just snowballing.
If you think you know a better solution please feel free to comment.
i would love to have a second job but i work full time ( 7am – 3pm) and go to college full time at night. i dont have time for that option.
I really need some math help. Can someone please explain how to work the following to me?
Here it is:
Cara has a loan from her credit union at a rate of 11% for which her payments are 5. per month. The interest is computed on a daily basis on the unpaid balance of a loan. If the loan balance after her last payment was 90 and Cara makes her next payment 33 days later, how much of the payment is paid toward interest?
Please help me solve this in detail, using the TI-83 plus calculator.
Thanks for any help!!
Ps. I’d post this in the math section, except for the fact that I already have done so and I did not get a single reply.