The percentage of Zach's first year of total payments that is just interest is approximately 64%.
This means that out of the total payments Zach makes in his first year, about 64% goes solely toward paying the interest on his credit card balance.
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The percentage of Zach's first year of total payments that is just interest is approximately 64%.
This means that out of the total payments Zach makes in his first year, about 64% goes solely toward paying the interest on his credit card balance.
