credit cards
Javier is currently paying $1,200 in interest on his credit cards annually. If, instead of paying interest, he saved this amount every year, how much would he accumulate in a tax-deferred account earning 12 percent over 10, 15, or 20years? If, instead of paying interest, this amount was saved every year in a tax-deferred account earning 12 percent over 10 years, the amount accumulated would be $____?
