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kountryboy01:

Credit card A offers an introductory APR of 3.4% for the first 3 months and a standard APR of 15.7% thereafter, while credit card B offers an introductory APR of 4.2% for the first 3 months and a standard APR of 15.5% thereafter. All else being equal, which of these statements is correct? (Assume all interest is compounded monthly.)

jimthompson5910:

You wrote " which of these statements is correct?", so I'm guessing there are multiple choices to pick from?

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