These high school seniors brought $1500 of stuff to bring to college with them in the fall each one used a credit card with similar terms to make their purchases who will pay the least interest for their purchase

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Answer: Robert

Step-by-step explanation:

The one who would pay the minimum interest for their purchase would be as follows:

A). Stephan, who pays the first $1000 using graduation money and then pays $250 per month until the debt is $0.

  • Among the given options, the individual who would pay the minimum interest rate on the credit card would be Stephan.
  • The reason would be that he initially offers the downpayment of $1000 which reduces his interest significantly followed by installment of $250.
  • While the others Robert and Nelson comparatively pays a higher amount in interest because they pay the entire amount in the form of installment.

Thus, option A is the correct answer.

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