Decide whether the statement makes sense. Explain your reasoning.Jeremy hasn't paid off his credit card debt but he knows that it's important to start saving. He decides to invest some money in a savings account and to continue making just the minimum payments each month on his credit card. The interest rate on his credit card is 22.5% per month.

What will be an ideal response?


No, the statement does not make sense. It is more important for Jeremy to pay off his credit card debt before investing any money in a savings account. The interest rate on his savings account is likely to be much less than 22.5% per month. He will save more by using the money to pay off part of his credit card debt and reducing his interest payments on his credit card.

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A.
B.
C.
D.

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Despite individual and specific differences, each and every one of us is traversing the territory known as lifespan development.

Answer the following statement true (T) or false (F)