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3. You must choose between a VISA credit card charging an APR of 18.65% with quarterly compounding or a MasterCard with an APR of 18.44%

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3. You must choose between a VISA credit card charging an APR of 18.65% with quarterly compounding or a MasterCard with an APR of 18.44% with daily compounding. a. What is the ACR on the VISA and MC? b. Now suppose VISA charges an end-of-year fee of 3 . Beyond what loan balance would VISA still be the preferred card

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