ocr: Section A : Credit Card Math Introduction In 1992 credit card issuers made an after tax prof it of 3.33 billion according to "Credit Card News" J an industry trade Quit journal. That is a lot of money and it's my estimate that this is income that they can count on from year to year. Credit card issuers have developed a very clever scheme of Calc disguising the actual costs the averaye consumer pays over the life of carrying an outstanding ba. lance on a credit card. In fact, it took an act of congress to force these credit Help card issuers to put certain intormation on the statements that are ...
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