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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.)
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jimthompson5910:
You wrote " which of these statements is correct?", so I'm guessing there are multiple choices to pick from?
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