Credit card A has an APR of 22.2% and an annual fee of $50, while credit card
B has an APR of...
Mathematics, 06.05.2020 08:04 erinwebsterrr
Credit card A has an APR of 22.2% and an annual fee of $50, while credit card
B has an APR of 23.9% and no annual fee. All else being equal, at about what
balance will the cards offer the same deal over the course of a year? (Assume
all interest is compounded monthly.)
A. $238.58
B. $2385.75
C. $23.86
D. $23,857.48
Answers: 3
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