Mr. Izzo's Math Classes - Mt. Sinai High School
Tommy has a $2000 credit card balance. He can afford $400 payments per month. Tommy is debating whether to do a “balance transfer” to a new credit card. His current credit card has a 23% interest rate. The new credit card would have 0% interest for the first 6 months, then an interest rate of 24% If he transfers the balance, the new credit card will charge a balance transfer fee of $65. What should Tommy do? ................
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