Cardholders in debt for a long time
Problem:
1. How might credit card companies keep their cardholders in debt for a long time?
2. What payment do the credit card companies expect your friend to make so that he never pays down the debt?
Explain in detail.
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How might credit card companies keep their cardholders in debt for a long time? What payment do the credit card companies expect your friend to make so that he never pays down the debt?
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