Determine whether the statement below makes sense or does not make sense and explain your reasoning. I like to keep all my money, so I pay only the minimum required payment on my credit card. Choose the correct answer below. A. The statement makes sense because paying only the minimum required payment means that I have more money to spend the next month since I did not give it to the credit card company. B. The statement makes sense because as long as I pay the minimum required payment, the credit card company will not charge me any fees, and I will have more money to spend. C. The statement does not make sense because the credit card company will not allow paying only the minimum required payment for many months in a row. D. The statement does not make sense because the balance will accumulate interest as well, meaning more money will have to be paid back.

## Step 1<br />The problem presents a statement about credit card usage and asks us to determine whether it makes sense or not. The statement is: "I like to keep all my money, so I pay only the minimum required payment on my credit card."<br /><br />## Step 2<br />We need to analyze the statement in the context of credit card usage. Credit cards allow users to borrow money up to a certain limit in order to make purchases. The balance of the credit card must be paid back, and if not, interest is charged on the remaining balance.<br /><br />## Step 3<br />The statement suggests that the individual is paying only the minimum required payment on their credit card. This means that the individual is not paying off the full balance of the credit card each month.<br /><br />## Step 4<br />The consequence of not paying off the full balance each month is that the remaining balance will accumulate interest. This means that the individual will have to pay back more money than they initially borrowed, as the interest adds to the total amount they owe.<br /><br />## Step 5<br />Therefore, the statement does not make sense because the balance will accumulate interest as well, meaning more money will have to be paid back.