A is offered a credit card card a that has an apr of 1999 b


Qusetion: A is offered a credit card (CARD A) that has an APR of 19.99%. B is offered a card (CARD B) that has 15.99% but charges $95 annually.

a) If they both plan to carry a balance forward of about $500 each month. Which person is offered a better card? Show work.

b) If they both pay off their statement balance each month, which would be best and why?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: A is offered a credit card card a that has an apr of 1999 b
Reference No:- TGS02814456

Expected delivery within 24 Hours