1. Select the most likely outcome of making only on-time minimum payments to a credit card with a balance for an entire year?
Your credit score will suffer because making minimum payments doesn't count as an on-time payment for the 'payment history' portion of the credit score.
The credit card will reward you with a lower interest rate once you've made 12 consecutive on-time payments.
Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago.
Making 12 on-time minimum payments means that your credit card is completely paid off.