TheJag18:
(Cash Versus Financing LC) A new credit card holder must decide between two credit cards. The first card offers a current APR of 14.99%. The second card has a current daily periodic interest rate of 0.038%. Which card would be the better choice? The first card is the better choice because the daily periodic interest on the first card is 0.038%, compared to 0.041% on the second card. The first card is the better choice because the daily periodic interest on the first card is 0.041%, compared to 0.038% on the second card. The second card is the better choice because the daily periodic interest on the first card is 0.038%, compared to 0.041% on the second card. The second card is the better choice because the daily periodic interest on the first card is 0.041%, compared to 0.038% on the second card.
Deadshot:
The second card is the better choice because the daily periodic interest on the first card is 0.041%, compared to 0.038% on the second card.
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