Jesse has a balance of $1200 on a credit card with an apr of 18.7%,
compounded monthly. about how much will he save in interest over the
course of a year if he transfers his balance to a credit card with an apr of
12.5%, compounded monthly? (assume that jesse will make no payments or
new purchases during the year and ignore any possible late payment fees.)
o a. $181.46
o b. $117.85
o c. $87.33
o d. $85.77