Bobby is trying to decide between two credit cards. One has no annual fee and an 18-percent

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Bobby is trying to decide between two credit cards. One has no annual fee and an 18-percent interest rate, and the other has a $40 annual fee and an 8.9-percent interest rate. Should he take the card that is free or the one that costs $40?

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Personal Finance

ISBN: 978-1259453144

6th Canadian edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino

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Question Posted: May 22, 2017 10:08 AM

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Bobby is trying to decide between two credit cards. One has no annual fee and an 18-percent

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The first card may not charge an annual fee but that ...View the full answer

Personal Finance

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