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When paying your bills, it is most financially beneficial to make larger payments to:___________.

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User Pvc
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1 Answer

2 votes

Answer:

to those outstanding payments which have highest interest rates.

Step-by-step explanation:

If we pay and settle more outstanding bills now which have high interest rates it will save us from interest which will be charged in future for delayed payment as it will by multiplied by number of days or months for which it has been delayed.

So if we are not paying high interest outstanding bills it will cost us more in future by high interest amount added to the bill amount.

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User PSchn
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