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Bank A offers credit cards with APR of 15%, compounded monthly. Bank B offers credit cards with APR of 16%, compounded 30 times in a

Bank A offers credit cards with APR of 15%, compounded monthly. Bank B offers credit cards with APR of 16%, compounded 30 times in a year. You are considering obtaining a credit card from one of these two banks, which bank would you choose? Show all calculations and state the reasoning behind your choice

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