What are the annual interest charges you will have to pay for the following debt you accrued on 3 different credit cards? 10600 28% ? 1300 6.25% ? 4600 8% ? 2. How much money could you have saved if you had moved all this debt to your PERSONAL LINE OF CREDIT bank account that charges 6.99% annually? 3. If you had $20 000 in your retirement bank account and (through your investments) your assumed compounded growth rate was 7%, how much money would you have saved over the course of your working life-time (25-65)?
