Which person is offered a better card

Reference no: EM132019992

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?

Reference no: EM132019992

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