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I’m trying to figure out the math of how I am slowly paying off my credit card?
I'm trying to figure out the math of how I am slowly paying off my credit card? So I have a $4600 balance at 19.5% and on the same card a balance of $10500 at 27.5%. I make a $500 payment per month and the min payment is usually around $455 a month. The issue is that the payment I make all goes toward the lower apr balance ($4600) and the higher apr balance ($10500) the interest per month on it gets applied to the higher a...
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