Credit card A has an APR of 22.2% and an annual fee of $50, while credit card
B has an APR of...
Mathematics, 16.04.2020 21:32 sloane50
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.)
O A. $2385.75
O
B. $23,857.48
O
O
c. $23.86
D. $238.58
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Answers: 2
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