How much is the TRUE cost of buying on credit?

How much is the TRUE cost of buying on credit?

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So you want that new $2,000 computer and can’t afford it, so you put it on a credit card. What’s the true cost of that computer if you only make the minimum payment to pay it off? (HINT: Double the price, and it will take almost 20 years to pay off!)

Calculate the time and cost of paying off your credit card:

www.bankrate.com/brm/calc/MinPayment.asp

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