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AP 5.2 You have just received a credit card solicitation in the mail that offers you a 4 percent APR. Your current card, which has
AP 5.2 You have just received a credit card solicitation in the mail that offers you a 4 percent APR. Your current card, which has an outstanding balance of $5,000, has an APR of 14 percent. How much interest will you save the first month by switching cards, assuming you make no additional charges and both cards calculate interest based on the average daily balance
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