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Jarrod has narrowed his choice to two credit cards that may meet his needs. Card A has an interest rate of 21 percent. Card B
Jarrod has narrowed his choice to two credit cards that may meet his needs. Card A has an interest rate of 21 percent. Card B has an interest rate of 14 percent, but also charges a $50 annual fee. Jarrod will not pay off his balance each month, but will carry forward a balance of about $400 each month. Assume that interest is compounded daily. Which credit card should he choose?
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