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Edna transferred a balance of $1400 to a new credit card at the beginning of the year. The card offered an introductory APR of
Edna transferred a balance of $1400 to a new credit card at the beginning of the year. The card offered an introductory APR of 2.9% for the first 3 months and a standard APR of 22.1% thereafter. If the card compounds interest monthly, which of these expressions represents Edna's balance at the end of the year? (Assume that Edna will make no payments or new purchases during the year, and ignore any possible late payment fees.) OA ($1400) (1.002)*(1021) A. OB. ($1400) 1.001.0221) 3 C. ($1400) 0.0290221)
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