Mark has a credit card with a $5,000 balance. His interest rate is 19%, and the credit card company requires a minimum 2% payment, this is $100 per month.
This interest calculator will show how much total interest Mark will pay.
Write a short paper (300–500 words) that answers the following questions:
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Individual Project Rubric
The Individual Project (IP) Grading Rubric is a scoring tool that represents the performance expectations for the IP. This Individual Project Grading Rubric is divided into components that provide a clear description of what should be included within each component of the IP. It’s the roadmap that can help you in the development of your IP.
|Expectation||Points Possible||Points Earned||Comments|
|Assignment-Specific: Accurately determined the length of time to pay off debt.||
|Assignment-Specific: Identified strategy (or strategies) for paying off debt sooner.||
|Assignment-Specific: Demonstrated understanding of the lesson.||
|Organization: Assignment presents information logically and is clearly relevant to discussion topic.||
|Professional Language: Assignment contains accurate grammar, spelling, and punctuation with few or no errors.||
Total Points Earned
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