MIKE WOOTTON
There is no question that you can learn a lot by trawling around the internet. My latest amazing discovery was in the area of how long it takes to pay off credit card debts. A UK site posed the question “how long would it take to pay off a debt of £2,000.00 [P140,733] if you just paid the minimum amount every month?” They used an assumed interest rate of 18 percent a year. The answer is 34 years! After which, if you were still alive, you would have paid 300 percent of the original debt.