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Business, 10.03.2020 23:02 maddy1276

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. $2385.75

B. $23,857.48

C. $23.86

D. $238.58

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Answers: 1

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Credit card A has an APR of 22.2% and an annual fee of $50, while credit card
B has an APR of...
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